07/10/2016

HSBC leads £5m co-investment in Vizolution with Finance Wales

Vizolution today announced that it has received £5m in new equity investment to drive product development and international growth.

Vizolution is a leading SaaS customer experience tech company, whose omni-channel solutions are used by some of the largest UK financial services telco and utility companies to streamline their customer journeys. Since its launch in 2013, Vizolution has achieved triple digit annual growth rates and has won numerous industry awards reflecting the value that their solutions bring to their clients.

HSBC has led the £5m investment round that has included existing shareholders, most noticeably Finance Wales, who has invested £1million as part of the round. Finance Wales has supported Vizolution over multiple rounds of investment. 
 
The new funds will be used to expand Vizolution into North American, APAC and EMEA markets, as well as fuel increased product development that will allow Vizolution to continue to deliver innovative, market leading solutions.

Vizolution CEO Bill Safran added: “A significant element of our success has been through partnerships with our customers.  We regard the investment by one of our major customers, HSBC, as a very strong vote of confidence in the solutions that we are providing to the market. We have set ourselves significant growth targets in both in the UK and this investment from HSBC will help us achieve those targets. We are also very pleased to have the continued strong support of Finance Wales who have help fund our success to date.”

Richard Davies, HSBC’s Global Head of Propositions for Commercial Banking, said: “Customer expectations around how they access banking services are rapidly changing, driven by new technology that is digitising the ways of doing business. HSBC's work with Vizolution’s platform has transformed how businesses can apply for finance, making their life simpler, quicker and more convenient.”

Investment Executive Philip Barnes from Finance Wales’ Technology Venture Investments team said: “Vizolution has proved to be a continuing success story over the years. As an existing investor, we are delighted to help fund the next chapter in their evolution as they expand their product offering into new sectors and international markets.”