PayPoint announces investment in Aperidata
29 Mayo 2024 - 3:00AM
UK Regulatory
PayPoint announces investment in Aperidata
PayPoint Plc
29 May 2024
PayPoint announces investment in
Aperidata
PayPoint has today announced a £1 million investment in
Aperidata Ltd, an innovative consumer and business credit reporting
and Open Banking platform. The deal will see the PayPoint Group
building on an existing commercial partnership between the two
companies delivering Open Banking solutions for clients across
multiple sectors, including government, local authorities,
charities and housing associations.
The investment enhances PayPoint’s multichannel payments
offering by adding Open Banking services, delivering improvements
to customer experience and making it easier for organisations to
access data for the benefit of their customers. Aperidata have been
instrumental in the Group’s recent work with Citizen’s Advice
Stevenage, launching an Open Banking driven Customer Support Tool
that has cut the time spent by Debt Advisor’s gathering and
reviewing financial information of individuals seeking help, from
an average of three weeks per case to just minutes.
Nick Wiles, CEO of PayPoint
said:
“We’re delighted to be investing in Aperidata, which will
further enhance our Open Banking solutions and multichannel
payments platform for clients in multiple sectors. This investment
will enable PayPoint to continue its diversification to digital and
enable further growth in Open Banking, which is one of our key
building blocks to delivering £100m EBITDA by the end of
FY26.”
Steve Ashworth, CEO of Aperidata
said:
“PayPoint was a natural partner for us as we expand our Open
Banking solutions and enable the next phase of growth. 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. We are super excited to be working
with the PayPoint teams and look forward to driving further success
into the market.”
Enquiries |
|
PayPoint plc |
FGS
Global |
Nick Wiles,
Chief Executive (Mobile: 07442 968960) |
Rollo
Head |
Rob Harding,
Chief Financial Officer (Mobile: 07525 707970) |
James
Thompson |
|
(Telephone:
0207 251 3801) |
|
(Email:
PayPoint-LON@fgsglobal.com)
|
ABOUT PAYPOINT GROUP
For tens of thousands of businesses and millions of consumers,
we deliver innovative technology and services that make life a
little easier.
The PayPoint Group serves a diverse range of organisations, from
SME and convenience retailer partners, to local authorities,
government, multinational service providers and e-commerce brands.
Our products are split across four core business divisions:
- In Shopping, we enhance retailer propositions and customer
experiences through EPoS services via PayPoint One, card payment
technology, Counter Cash, ATMs and home delivery technology
partnerships in over 60,000 SME and retailer partner locations
across multiple sectors. Our retail network of over 28,000
convenience stores is larger than all the banks, supermarkets and
Post Offices put together
- In E-commerce, we deliver best-in-class customer journeys
through Collect+, a tech-based delivery solution that allows
parcels to be picked up, dropped off and sent at thousands of local
stores
- In Payments and Banking, we give our clients and their
customers choice in how to make and receive payments quickly and
conveniently. This includes our channel-agnostic digital payments
platform, MultiPay, offering solutions to clients across cash, card
payments, direct debit and Open Banking. PayPoint also supports its
eMoney clients with purchase and redemption of eMoney across its
retail network.
- In Love2shop, we provide gifting, employee engagement, consumer
incentive and prepaid savings solutions to thousands of consumers
and businesses. Love2shop is the UK’s number one multi-retailer
gifting provider, offering consumers the choice to spend at more
than 140 high-street and online retail partners. Park Christmas
Savings is the UK’s biggest Christmas savings club, helping over
350,000 families manage the cost of Christmas, by offering a huge
range of gift cards and vouchers from some of the biggest high
street names, including Argos, Primark and B&M.
Together, these solutions enable the PayPoint Group to create
long-term value for all stakeholders, including customers,
communities and the world we live in.
ABOUT APERIDATA
Aperidata is an FCA authorised credit reference agency and Open
Banking Account Information Service Provider (AISP) that uses
financial data to transform credit scoring. Through connections to
UK banks, they use the power of Open Banking to make credit
assessments better, faster and fairer for consumers and financial
institutions alike. They go beyond traditional credit scoring,
providing a comprehensive real time view of a customers
creditworthiness and through the immense depth of data, they are
revolutionising credit scoring and lending processes that power
instant, responsible, and ethical credit decisions. What sets them
apart is their decades of global experience in the world of credit
risk management and data analytics, providing them with an in-depth
understanding of client needs, as well as an unparalleled insight
into the best services and processes that can be derived from the
Open Banking initiative. This experience is embedded in not only
their technology solutions but also in their delivery methodology,
which enables them to efficiently implement the right solution for
every client.
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