NPIF Maven Equity Finance
Manchester-based Nivo Solutions is a technology platform that provides a verified identity messaging solution, that combines secure instant messaging with digital identification and verification. This allows financial services organisations, their customers, and partners to gather data, documentation, evidence, and approvals in a more efficient and secure way. Nivo reduces the reliance on inconvenient and undigitised channels such as paper, post, phone calls and in-person communication, as well as email.
The Nivo platform includes task management, e-signing, machine-learning based identity document scanning, facial recognition, document collection, open banking and no-code automation capabilities. It blends the latest technologies, including leading identity and security technologies, with the world’s communication channel of choice, instant messaging, to ensure the quickest, most effective way for people to do business. Nivo already counts many of the UK’s banks, building societies, alternative lenders, and brokers amongst its clients. The service secures 1000 new downloads each day and it has grown to boast over 50,000 people using its platform every month.
Alongside a follow-on investment from Barclays Bank, the funding will aid Nivo in building its product, marketing, customer success and sales teams, including the addition of a Sales Director to accelerate the business’ growth.
The technology Nivo provides is a pioneering advancement for the regulated sector and makes communication easier for financial businesses and their clients. Their product has become integral to many businesses and is embedded into many of their processes, saving them time and money. Maven invests in many innovative businesses within the FinTech industry, and this business is a great addition to our portfolio in the North West.
James Rosthorn, Investment Director at Maven
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