FinTech firm Savvy gets £20mn investment

October 10, 2019 | Consumer Lending
Written by FinTech Alliance

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UK Fintech
FinTech firm Savvy gets £20mn investment

UK FinTech Savvy.co.uk is set to double its workforce following a cash injection.

In Brief:

  • Savvy, based in Stockport and Wilmslow, will create 25 new jobs in the next year.

  • This follows £20mn investment from Cairn Capital.

  • The company aims to provide an ethical alternative to payday loans.

What does this mean?

The new jobs will focus on social media and marketing as the investment helps increase the company’s lending capacity. Group MD Mark Bowker described the investment as “transformational”.


Read more here.

 

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