From pre-revenue to plc: Maven exits AperiData

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Maven has realised its investment in AperiData, an innovative consumer and business credit reporting and open banking platform, after supporting the business from pre-revenue to launching its intelligent A.I. powered product aiming to revolutionise credit scoring.

Published: May 29, 2024
Focus: NPIF Maven Equity Finance

Maven has exited AperiData following the sale of its early investment to PayPoint plc. The sale will enable the business to embark on its next phase of growth with PayPoint as a strategic partner.

AperiData is an FCA authorised credit reference agency and open banking provider that supports financial assessments, credit scoring and lending processes to power instant, responsible, and ethical credit decisions. Through connections to the UK’s banks, AperiData uses the power of open banking to make financial assessments better and fairer for consumers, corporates and financial institutions alike. 

NPIF – Maven Equity Finance, which is managed by Maven and is part of the first Northern Powerhouse Investment Fund, invested in the Chester-based business to enable commercialisation, expand its portfolio of customers, enter new markets and create jobs. 

“The UK credit score model is over 50 years old with little innovation over the years. AperiData is solving tangible problems in 2024 with a digital-first solution that gives any user a real time P&L on consumers and businesses. Any time, any place – you’ll know the financial position in real-time. The ubiquity and simplicity of our API service has surprised many with use cases spanning Financial Services, Utilities, Housing and most recently Debt Advice.”

Steve Ashworth, CEO of AperiData

"We are happy to see AperiData partner with PayPoint. Today's transaction is a major step for the company and for Steve and Andy, who worked hard to launch AperiData. We wish them and the PayPoint team, market leaders in multichannel payments, all the best. At Maven, we focus on adding value to companies with clear and credible strategies for growth. This exit is another example of our ability to identify high-potential businesses from the earliest of stages."

Tom Parton, Investment Manager at Maven

Maven is one of the UK’s most active private equity investors and has a track record of identifying and nurturing technology-driven businesses. If you are looking at private equity as a solution to fund future growth we would love to hear from you. Speak to one of our investment team by getting in touch at funding@mavencp.com.

 

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