Credit, Collections & Insolvency News
Maven Equity Finance part of the Northern Powerhouse Investment Fund (NPIF), has led a six-figure investment in AperidData.
The announcement of the transaction will enable the business to embark on a programme of growth, expand its portfolio of customers, enter new markets and create up to 10 new jobs in the region.
AperiData is an FCA authorised Credit Reference Agency and Open Banking provider (AISP) that are revolutionising credit scoring and lending processes that power instant, responsible, and ethical credit decisions. Through connections to the UKs largest banks, they harness the power of Open Banking to make financial assessments better and fairer for consumers, and financial institutions alike. Their proprietary technology services clients across multiple sectors, to provide a comprehensive real-time view of their customers financial position, which helps them make faster, and more informed decisions.
AperiData Open Banking based credit reference agency uses customer bank account data to provide insights, scores and tools that allow their clients to reach those previously underserved segments. Its platform can be integrated quickly to client demands and the software licence can be provided to clients under its own FCA permissions.
AperiData is Led by a management team with decades of global experience in the world of financial services, credit risk and data analytics, provides them with an in-depth understanding of client needs, as well as an unparalleled insight into the best services that can be derived from the Open Banking initiative.
James Caplan, Investment Manager at Maven, said “What initially attracted us to the business was the team’s experience working in credit risk and financial services. Stephen and Andrew are highly skilled and knowledgeable having previously founded and grown a successful consultancy business prior to starting AperiData. The platform is well developed and is currently being integrated into clients’ systems and we look forward to supporting the business as they expand their customer base and look to enter new markets.”
Stephen Ashworth, CEO of AperiData, sai: “We are delighted to announce this additional funding and to be partnering with a highly experienced investment firm as we embark on our next chapter of growth. With Maven’s support, we look forward to the collaboration opportunities as we continue our mission to revolutionise credit scoring and fairer access to financial services for all”.
