In February, CutPay, a payment-services company secured 6-figure backing from NPIF. This article will tell you more on the topic. Moreover, it’ll help you get the best payment-processing company you need.
CutPay Getting Funds from NPIF
The NPIF (Northern Powerhouse Investment Fund)is managed by British Business Bank.The mentioned payment-services company is based in Newcastle. The investment it’s received from the NPIF is going to be spent on the opening of a new office in Yorkshire.Besides, the payment-processing company is going to hire new employees and invest in marketing. In fact, the company is planning to grow turnover to £5.6m in the upcoming 3 years.
Well, this merchant-services providing firm was founded in 2015. The company offers card payment facilities and electronic point-of-sale (EPOS) hardware/software to businesses.
According to Rachael Guest, FW Capital’sinvestment executive, the merchant-services provider has been consistently growing on a monthly basis. It offers a number of technological benefits to its customers. What’s important, these advantages offered by the company help merchants cut more costs as compared to other similar companies in the space.
Now, this payments company is ready to be scaled-up, and the funding provider is delighted to have been able to enable the company reach its potential.
What about you? Are you on the lookout for a merchant-services provider in the UK that really meets your needs and has the reputation you really deserve? If yes, all you need is to turn to a reputable merchant-services comparison company in the country that can help you with CutPay, and not only.
When looking for such company, pay attention to whether it focuses on main pointssuch as terms, complaints, and integration. Also, make sure the payment expert reviews contracts, rates, and fees of payment processors. Besides, see whether the comparison company keeps you away from hidden costs, and deceptive sales tactics.
Be aware that the right comparison company should provide you with the most honest snapshot of payment processors at the time of writing. In addition, it should pay enough attention to integration requirements to ensure you’re enjoying a smooth transition and onboarding process.
Finally, a true payment expert should help you find the payment partner that’s the best fit for your business, offers the cheapest rates, and best customer service in the industry. By the way, there’re comparison companies that provide free consultation and advice.
NPIF Goes on Funding Companies
In addition to what’s been mentioned above, there’s another company that’s secured a 6-figure investment from NPIF as well. This is an IT-services providing company in the UK. In fact, these aren’t the only companies getting funds the NPIF: there’re other companies as well.
Specifically, the NPIF offers financing that ranges from £25,000 to £2m to businesses based in the 10 local enterprise partnership (LEP) areas that represent the Northern Powerhouse region.
As you see, getting the best for your business isn’t as intimidating as you may think. Just work with a true payment specialist in your field, and that’s it!
Author Bio:Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry, including CutPay, has helped thousands of business owners save money and time.