Maven has realised its investment in AperiData, an innovative consumer and business credit reporting and open banking platform, after supporting the business from pre-revenue to launching its intelligent A.I. powered product aiming to revolutionise credit scoring.

Chester, 29th of May: Maven Capital Partners (“Maven”) has exited AperiData Limited (“AperiData”), a consumer and business credit reporting business, following the sale of its early investment to PayPoint Plc (“PayPoint”). The sale will enable the business to embark on its next phase of growth with PayPoint as a strategic partner.

AperiData is an FCA authorised credit reference agency and open banking provider that supports financial assessments, credit scoring and lending processes to power instant, responsible, and ethical credit decisions. Through connections to the UK’s banks, AperiData uses the power of open banking to make financial assessments better and fairer for consumers, corporates and financial institutions alike.

NPIF – Maven Equity Finance, which is managed by Maven and is part of the first Northern Powerhouse Investment Fund (“NPIF”) invested in the Chester-based business to enable commercialisation, expand its portfolio of customers, enter new markets and create jobs.

Steve Ashworth, CEO of AperiData, said, “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. The ubiquity and simplicity of our API service has surprised many with use cases spanning Financial Services, Utilities, Housing and most recently Debt Advice.”

Tom Parton, Investment Manager at Maven, said, “We are happy to see AperiData partner with PayPoint. Today’s transaction is a major step for the company and for Steve and Andy, who worked hard to launch AperiData. We wish them and the PayPoint team, market leaders in multichannel payments, all the best. At Maven, we focus on adding value to companies with clear and credible strategies for growth. This exit is another example of our ability to identify high-potential businesses from the earliest of stages.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

ENDS

Further information

For media enquiries or any questions about the investment, please contact:

Sapience Communications (PR to Maven)

Richard Morgan Evans 

[email protected]

Maven Capital Partners

Ryan Bevington                

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About Maven Capital Partners UK LLP      

Maven (a subsidiary of Mattioli Woods plc) is a leading private equity house focused on the provision of flexible funding for high growth businesses, and one of the most active SME investors in the UK. Headquartered in Glasgow, and with offices throughout the UK, Maven has over 100 investment and support professionals providing a truly nationwide coverage. Maven has over £790 million funds under management and available to invest, and manages assets for a variety of client funds, including Venture Capital Trusts, MBO Fund, UK regional fund mandates, and Maven Investor Partners, a syndicate of institutional, family office and experienced investors.

About the Northern Powerhouse Investment Fund

• The Northern Powerhouse Investment Fund will invest in Microfinance, Business Loans and Equity Finance sub-funds which will offer financing ranging from £25,000 to £2m, specifically to help small and medium sized businesses secure the funding they need for growth and development.

• The Northern Powerhouse Investment Fund is operated by British Business Financial Services Limited, wholly owned by British Business Bank, the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity,

• The Northern Powerhouse Investment Fund is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company.

• The NPIF covers the following LEP areas: Tees Valley Combined Authority, Greater Manchester, Cheshire and Warrington, Cumbria, Liverpool City Region, Lancashire, Hull and East Yorkshire, Leeds City Region, South Yorkshire Mayoral Combined Authority, York & North Yorkshire

• The project is receiving up to £140,359,192 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Levelling Up, Housing and Communities is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit www.gov.uk/european-growth-funding.

• The funds in which Northern Powerhouse Investment Fund invests are open to businesses with material operations, or planning to open material operations, in, Yorkshire and the Humber, the North West and Tees Valley.