Payments Fintech Total Processing launches internationally following a £5 million investment from BOOST&Co.
Summary
Payments Fintech Total Processing has received a £5 million investment from BOOST&Co; an alternative lender, specialising in supporting high-growth SMEs. A testament to their triple-digit growth over the last 12 months; having seen more than a 244% rise in revenue, the Manchester-based company was fortunate enough to expand their team throughout the coronavirus lockdown, whilst continuing to provide end-to-end services to business owners adapting to the ever-changing landscape. Speaking of the investment, CEO Cameron Lee said, “We’re delighted to have secured funding to accelerate our growth across domestic and international markets. Ecommerce is prevailing over bricks-and-mortar retail, people are concentrating on how much they are paying in fees so it’s been easier to win clients over on cost, and Zoom has allowed us to have meetings that we wouldn’t have got in person that has led to a decent amount of new business We plan to scale the business significantly over the next 12 months, providing over 30 additional jobs to the UK during a time of volatility across all sectors.” The team at BOOST have been great from start to finish and have really taken the time to understand our business model and disruptive proposition. Advancing against fintech competitors Stripe and Mollie, BOOST&Co’s investment also facilitates an anticipated expansion of resources for Total Processing’s enterprise-level clients.