Caring payments start-up set for £1.4 million turnover prepares for second round of investment
A payments technology company which helps children escaping domestic violence with every transaction is set for a £1.4 million turnover in its first year. Payaro Ltd gained initial investment late last year. Due to exponential UK growth, with a month-on-month revenue increase of 40 per cent, expansion plans have been brought forward. That means a second round of investment opportunity came earlier than anticipated. The Staffordshire-based company backs the Buddy Bag Foundation with a percentage of each sale completed through its innovative sales systems and has pledged an additional donation of £1,000 every year. It is gearing up for a second round of investment following significant growth, and having welcomed new private equity is opening the doors to more backers to […]