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NetPay Merchant Services Ltd
Transaction: Development Capital
Sector: TMT
Completed: February 2016
Meridian advised the shareholders of NetPay (Merchant Services) Ltd 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 LLP in Southampton provided legal advice.
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Meridian Corporate Finance Ltd
Unit 4 Manor Farm Offices, Flexford Road, North Baddesley, Southampton, Hampshire, SO52 9DF
Call: +44 (0)23 8026 8793
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