County Durham fintech launches to support investment into high-growth businesses
A new fintech has been established in County Durham in a bid to revolutionise the investment process for venture capital and angel investors.
Quva has been established by Newton-Aycliffe based fintech firm Growth Capital Ventures (GCV) and was developed within its venture builder division G-Labs.
SaaS platform Quva aims to change the way private equity firms, venture capital funds and angel investment networks currently manage the end-to-end investment process.
The company plans to create an additional 30 or more new roles over the next three years to support its growth strategy.
Craig Peterson, co-founder and chief operating officer at FCA-authorised GCV said: “Venture capital and private equity is a critical source of investment for the high growth businesses that drive innovation, job creation and economic growth.
“Our purpose is to help alternative investment managers drive efficiency and support value creation across the whole investment lifecycle, from deal origination, through to portfolio management and exit.”
Phil Docherty, head of sales and marketing at Quva, added: “Our clients want a software solution that is intuitive, highly configurable and highly customisable.
“It’s essential that we can quickly tailor Quva to meet our client’s exact needs and integrate seamlessly with their current business processes and workflows. The team has developed a software-as-a-service solution that allows us to achieve just that.
“This is an exciting time for the alternative investment sector, digital transformation is playing a critical part in supporting this thriving ecosystem. Our expertise and experience mean we are well placed to help our clients use technology to drive positive change.”
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