GP Bullhound has announced its investment in Nivo, the Manchester-based instant messaging and identity verification platform, with the Angel CoFund and a syndicate of angel investors.
The funding will be used to accelerate growth and product innovation, cementing Nivo’s position as a fast and safe way for financial services companies to sign up and service their customers.
Nivo CEO Mike Common commented:
“Our mission is to make it easier for consumers to connect with service providers in regulated industries like Financial Services. Our clients are using Nivo to deliver simpler mobile experiences, which reduce effort and empower customers. This means everyone saves time, costs go down and satisfaction goes up.”
Hugh Campbell, Managing Partner of GP Bullhound added:
“Manchester is a growing hub for disruptive and world-leading FinTech firms, and we are delighted to be putting our support behind one of its leading lights. The strength of advocacy and results from its existing client base impressed us right from the beginning, with the Nivo team developing an unparalleled product offering that is disrupting the financial services industry.”
Nivo joins existing GP Bullhound portfolio companies including Slack, Partnerize and Unity Technologies on its list of fast-growing technology businesses.