Open banking specialist secures PayPoint investment

A Chester-based consumer and business credit reporting and open banking platform has secured investment from PayPoint in a deal which provides an exit for Maven Capital Partners.

AperiData is an FCA authorised credit reference agency and open banking provider that supports financial assessments, credit scoring and lending processes.

The investment enhances PayPoint’s multichannel payments offering by adding open banking services, delivering improvements to customer experience and making it easier for organisations to access data for the benefit of their customers. 

Nick Wiles, chief executive of PayPoint, said: "This investment will enable PayPoint to continue its diversification to digital and enable further growth in open banking, which is one of our key building blocks to delivering £100m EBITDA by the end of FY26."

For the full story, see Insider Media

Read our other news

City-wide survey to shape 'unified place brand' for Chester

AN ambitious new project is calling on residents, businesses, workers and students to help shape a 'unified place brand' for Chester.

Read More
Aldi asks for ideas on new Cheshire store locations

ALDI is inviting customers to help choose new store locations across Cheshire.

Read More
Funding supports £2.5m expansion at Cheshire law firm - private members club forms part of plan

A Cheshire law firm has secured a business loan to support an expansion project which includes the addition of a private members club to provide a dedicated space for clients from across the UK and overseas to meet with lawyers and accountants.

Read More