Nivo’s platform receives £2m funding to connect customers
Nivo, the Manchester-based instant messaging and identity verification platform, has closed a £2 million funding round from GP Bullhound, the Angel CoFund and a syndicate of angel investors.
This funding will be used to accelerate growth and product innovation, cementing Nivo’s position.
Nivo’s secure instant messaging network includes advanced data protection features, so brands in regulated industries can connect with customers, verify identities, gather personal information and complete transactions much more easily using mobile technology.
The firm was launched in late 2018 as an early stage spin out from Barclays Bank.
CEO Mike Common comments: “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.”
The funding also includes some of the UK’s leading technology entrepreneurs including Elizabeth Gooch, founder and CEO of process optimisation technology firm EG Solutions who will be joining the Board.
Other investors include Scott Fletcher, founder and chairman of cloud computing group ANS, Paul Gouge and Alex Rigby, founders of leading mobile games company Playdemic, and Rodney Baker-Bates, chairman of the Willis Group.
Nivo’s platform offers features including Onfido identification verification checks, the ability to securely send and receive files and photos, open banking, and electronic signatures.