£200,000 boost for Salford company which develops price comparison software
A Salford company which develops price comparison software is preparing to enter new markets following £200,000 investment.
Beyond Comparison Group Limited will use the funding to further diversify its current offering, both for existing and prospective customers, and to develop new comparison engines for the pet, travel and car insurance markets – three of the largest areas for comparison engines.
The company received the funding from the Greater Manchester Loan Fund, which is managed by Maven Capital Partners.
Since forming in 2012, BCL has forged a niche in the overall comparison sector, creating bespoke white label price comparison software which allows businesses to utilise their client list further through cross selling a wider range of products.
Clients include those within the utilities, telecommunications, insurance and financial sector.
Lee Plaister, managing director at Beyond Comparison, said: “The additional funds will enable us to further our investment in technology/software development and increase headcount in sales support and we are delighted to be working with the investment team at Maven in the coming months and years.”
Alex Rothwell, investment manager at Maven, said: “Beyond Comparison is a fast growing, innovative company which is set to continue to develop and diversify its offering as it expands into different sectors of the marketplace.
“The investment in Beyond Comparison will safeguard jobs in Greater Manchester whilst establishing the potential to create additional positions in the next two years. GMLF is delighted to support this exciting business and continues to look to provide funding into other SME companies in the Greater Manchester area looking to grow.”
Mike Blackburn, chair of the Greater Manchester Local Enterprise Partnership, added: “Beyond Comparison is the kind of innovative technology company that will be a critical part of Greater Manchester’s continued growth. This funding will enable the company to diversify into further markets, allowing it to safeguard and create new jobs for local residents. I look forward to seeing BCL’s continued success in the future.”
The GMLF was supported on the transaction by Jill Parker at Pannone Corporate.