We are delighted to announce that we have secured £10m in funding from three of the world’s largest banks to drive innovation and fuel our global expansion.
Santander Consumer Finance and Royal Bank of Scotland have joined HSBC as investors in Vizolution. Each of these banks is an existing client that uses our transformative suite of solutions to offer effortless customer experiences, both domestically and internationally.
To have the backing of three of the world’s largest banks, not only as customers but also investors, is a real testament to the innovation and capability of our technology and the value that it brings to their business.
This investment will be used to develop new products to add to our award-winning suite that combines the qualities of face-to-face with the convenience of digital and the cost of remote. Being able to offer the benefits of face to face is important in an increasingly digital world in which 75% of people still value the benefits that ‘in-person’ interactions can bring, especially when seeking advice about purchases or complex products.
The funding will be used to accelerate growth in our markets, with a particular focus on North America and South America, where we see huge opportunities to streamline the way that banks engage with their customers.
Having Santander, RBS and HSBC as investors will provide Vizolution with in-depth insight into the issues being faced by the financial services sector and understand how we can best solve them. These banks are an excellent sounding board for new product development and will ensure that we are able to deliver the best possible solutions for our clients’ customers.
Vizolution has enjoyed significant growth since we were founded in 2013. In the last year alone, we have opened a Silicon Valley-inspired office in Port Talbot, expanded our operations in Toronto and opened a brand-new office in Boston. We have also won numerous awards and accolades, including rankings on the 2018 Fast Growth 50 List and Sunday Times Hiscox Tech Track 100, a league table of Britain’s fastest growing tech firms. This funding will provide the launchpad for future growth.
This investment could not have been achieved without the heroic work of our team of passionate and skilled professionals and for that I would very much like to thank them. In addition, we would like to welcome RBS and Santander into our family and very much look forward to working with them and our other investors and customers to build a truly world-class business.