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Growth Lending supports Finyx’s expansion plans with strategic funding

Leading client side delivery partner, Finyx, secures funding from growth capital specialist Growth Lending and entrepreneurial investor Ekwithree to facilitate the firm’s growth strategy.

Finyx, headquartered in London with additional offices in York and Belfast, specialises in delivering IT strategy and transformation services to a diverse client base, including blue-chip corporations, the public sector and financial services organisations. In recent years, the company has expanded its operations across the UK to increase access to European and global markets, supporting its long-term growth ambitions.

This strategic fundraise enables Finyx to accelerate its growth agenda, by offering support for acquisitive expansion plans and enhancing the firm’s sales capabilities.

Phil Stewart, Chief Executive of Finyx said: “This deal gives us the additional firepower needed to take Finyx to the next level. It will give our staff and clients a wider range of services to work in and consume; and it will amplify our position in the UK market.”

Richard Hallett, Managing Director at Growth Lending, said: “We are pleased to support the leadership team of Finyx with their growth of their business. Finyx has demonstrated consistent profitability and has a strong, long-standing customer base.

Our funding, alongside equity from Ekwitree, brings together experienced partners with a proven track record in professional services buy-and-build. We’re excited to support Finyx on its journey and see significant growth ahead.”

Alexander Steeb, Partner at Ekwithree, also commented: “At Ekwithree, we invest in companies with vision and the drive to lead. Finyx’s proven expertise and ambitious growth strategy make it an ideal partner. We look forward to supporting the firm’s expansion and fostering innovation in the evolving Digital Transformation landscape.”

The funding arrangement was facilitated with the assistance of TML Finance and Advisory. Neil Sharp, Director, and Eslam Samy, Head of M&A, at TML Finance and Advisory said: “We are thrilled to have successfully completed this transaction. This achievement underscores our team’s expertise and the strength of our relationships with both our clients and lending partners. We look forward to continuing to support Ekwithree in its future endeavours and to furthering our partnership with Growth Lending.”

The deal is the latest to follow Growth Lending’s announcement of a £1bn funding partnership with Aros Kapital, dedicated to supporting ambitious businesses. With a focus on providing tailored growth capital solutions, Growth Lending helps exceptional businesses accelerate their growth trajectory.

  • For more information about Finyx, visit www.finyx.com
  • For more information about growth capital from Growth Lending, get in touch with a member of our expert team