Case Study: NetPay Merchant Services Ltd
- Deal size:
- Development Capital
- Deal completed:
- February 2016
Meridian advised the shareholders of NetPay (Merchant Services) Ltd (“NetPay”) on the raising of a short term working capital facility to allow the business to support continued growth.
Based in Southampton, Hampshire NetPay is an award winning, multi-channel, payment service provider that offers a range of online processing, payment terminal and merchant services to the wholesale, indirect reseller and corporate markets.
Founded and managed by serial entrepreneurs Carl Churchill and Nicole Churchill (ex-Murphx which was sold to Daisy Group Plc), the fintech business has also seen considerable traction in opportunities to license its proprietary technology to banks.
Peter Jeffrey and Alexandra Clapp of Moore Blatch, Southampton acted for the company.