Fintech Solution Provider Nivo Raises £1M from Maven and Barclays

​Nivo, a Manchester, UK-based FinTech solution provider, secured a £1 million investment from NPIF Maven Equity Finance, alongside a follow-on investment from Barclays Bank.

The funding will be used to aid Nivo in building its product, marketing, customer success, and sales teams, including the addition of a sales director to accelerate the business' growth.

Michael Common, CEO at Nivo Solutions says, "We are really pleased to be able to attract investors of the pedigree of Maven and Barclays into Nivo. We look forward to working with them and to continuing to build a leading Manchester technology company that continues to eliminate the paper, email, and phone-based processes that we've all had to endure when dealing with the financial sector and other service industries." 

Nivo already counts many of the UK's banks, building societies, alternative lenders, and brokers among its clients. The service secures 1,000 new downloads each day, and it has grown to boast over 50,000 people using its platform every month.