Fintech Swoop registers a successful year in 2022
MILTON KEYNES, England, 12 December 2022 /PRNewswire/ — Swoop, the one-stop money shop for businesses, has recorded significant growth in 2022 after a strong year. This includes revenue growth of 450%, new hires, the creation of a new Commercial Mortgage team facilitating a new venture into property finance services and the launch of a new UK office in Liverpool. Fintech is led by co-founders Andrea Reynolds and Ciaran Burke.
Swoop aims to launch in the US by mid-2023, following a £6m Series A funding round to accelerate its international expansion and help more companies access a range of funding options.
Since it was founded in 2017, nearly 80,000 businesses have used Swoop’s software platform to research and access a wide range of funding sources, including equity, grants, loans and tax credits, completing funding worth £426,787,301.
The company has doubled its workforce since 2020, with 100 employees currently with a presence in London, Birmingham, Dublin, Liverpool, Sydney and Torontoin addition to external team members i Brazil.
Andrea ReynoldsCEO and Founder of Swoop: “Swoop is a fast-growing business. Our revenue is forecast to grow by 450 percent this year thanks to an increase in demand from small and medium-sized businesses for financial solutions that meet their needs. We are growing fast because we meet and understand our customers on a human level.
As we move into 2023, we are at an advanced stage of planning to enter the US market after laying the groundwork this year for a full-scale launch by next summer.”
The high-growth company and its CEO have won some major industry awards over the past twelve months, including: ‘Advocate for Women in Technology Award’ to Andrea Reynolds at last Deloitte Ireland Firm 50; ranked 4th on Deloitte Fast ’50; list of Ireland’s fastest growing technology companies’; nominated for both ‘Commercial mortgage broker of the year’ and ‘Digital broker of the year’. In December, the company won the first New Statesman ‘Positive Impact on the High Street Award’, in recognition of its championing of small and medium-sized businesses.
IN October 2022Swoop boss Andrea Reynolds was selected to participate in Goldman Sachs’ Female Founders Cohort. Additionally, she was recognized as one of Success Pitchers magazine’s Most Successful Businesswomen to Watch in 2022.
Consult:
Nigel Heneghan
[email protected]
+353 86 258 7206
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