Leicester-based Secure Retail has secured an eight-figure funding package from Shawbrook to help build its latest rental proposition and support further expansion in to Europe, following the opening of a new facility in Holland.
The rental proposition will allow key existing clients to rent Secure Retail’s hardware, enabling them to update their technology more frequently and provide Secure Retail with consistent, recurring revenue., the specialist provider of payments hardware and services for the retail, hospitality, transport, and unattended sectors has signalled further growth plans, with funding secured from Shawbrook.
Secure Retail, which NVM acquired a majority stake of in 2019, is an established and trusted global provider of secure and bespoke end-to-end payment solutions, providing payment gateway solutions, hardware, and software to leading brands on a global scale.
Carl Barton, Founder of Secure Retail, said: “Secure Retail has been operational since 2003, and we pride ourselves on our strong relationships with our customers, and our commitment to innovation. Shawbrook were able to offer us a bespoke package that would both support our ongoing growth and allow us to launch our new rental proposition.”
Andy Leach, Investment Partner at NVM Private Equity, said: “Secure Retail has shown consistent growth during our investment’. The leadership team have handled the ever-changing payments landscape with confidence, ensuring they remain at the forefront of the industry. We’ve worked with Shawbrook previously and were confident Dan and his team could provide a suitable package for Secure Retail’s next phase. With this new funding injection and some ambitious plans, I’m looking forward to seeing what else Secure Retail can achieve.”
Daniel Martin, Senior Director at Shawbrook, said: “We’ve been impressed with Secure Retail’s strong history within the payments space, and the management team’s ability to evolve and innovate its propositions based on client need. We’re thrilled to be working with the team at Secure Retail and supporting them with their growth plans going forward, and further growing our relationship with Andy and the team at NVM.”
