A payments business powering recurring commerce has raised £4 million and appointed Eline Blomme as chief strategy and product officer.
Acquired.com has been backed by Beach Point Capital Management following three years of strong revenue growth and agreements with major customers such as Zopa Bank, Abound and Flutterwave.
Blomme brings a wealth of experience from her role as vice president at TrueLayer, where she was responsible for tailoring its open banking products for the eCommerce market. Prior to TrueLayer, she spearheaded the development of Worldline’s global eCommerce offering.
The funding injection will enable increased investment into the company’s people and Acquired.com’s four core payment pillars: card processing, direct debit, pay by bank & real-time payments.
“I’m delighted to welcome Eline to Acquired.com,” said Greg Cox, co-founder and CEO. “Her expertise and deep industry experience will unlock new possibilities for our customers, as we look to capitalise on three years of consistent growth.
“This is an exciting time for Acquired.com – this investment will enable us to double down on our focus of delivering a best-in-class payments experience for recurring commerce. We’ve worked hard to build out a brilliant product and a fantastic team, so I’m excited to see what is to come.”
Blomme added: “The chance to come and work with Greg was one I could not turn down. His ambition for Acquired.com and the wider Quint Group is compelling, with their unique yet complementary propositions helping to fix some of the glaring problems in the FinTech ecosystem.
“Acquired.com has performed incredibly strongly over the last few years, whilst also investing heavily in their core product & technology. It’s a fantastic opportunity and I can’t wait to get started.”