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Acquired.com fuels growth with capital raise & strategic appointment

By Gloria Mathias

October 21, 2024

  • Acquired.com
  • Beach Point Capital Management
  • Capital Raise
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Acquired.com, Open Banking Payments, Payments, Merchant Acquiring, Payment Processing, FinTech, UK, Europe, Payments Technology, Payments Solutions, London, Funding News, Capital raise, Chief Strategy Officer, Acquired.com, the next-generation payments business, has announced the appointment of Eline Blomme as Chief Strategy and Product Officer and raised capital of £4m.

Holding an MBA from Warwick Business School, Eline Blomme brings a wealth of experience from her role as Vice President at TrueLayer, where she was responsible for tailoring their Open Banking products for the eCommerce market. Prior to TrueLayer, Blomme spearheaded the development of Worldline’s global eCommerce offering. At Acquired.com, Blomme will lead the company’s strategy and focus on delivering solutions in recurring commerce.

Blomme’s appointment follows Acquired.com’s completion of a £4m funding deal with Beach Point Capital Management. This financing comes after 3 years of consecutive strong revenue growth for Acquired.com and new agreements with major customers such as Zopa Bank, Abound, and Flutterwave.

The injection will enable increased investment in the company’s people and Acquired.com’s four core payment pillars: card processing, direct debit, Pay by Bank, and Real-Time Payments.

Greg Cox, Co-founder and CEO of Acquired.com and its parent company Quint Group said, “I’m delighted to welcome Eline to Acquired.com. 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 on delivering a best-in-class payment experience for recurring commerce. We have worked hard to build out a brilliant product and a fantastic team, so I’m excited to see what is to come.”

Eline 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 its core product & technology. It’s a fantastic opportunity, and I can’t wait to get started.”

 

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