UK Payments Fintech Caxton Secures £1.5M+ from 1011 Investors via Crowdcube

Caxton, which claims to be a profitable payments Fintech, has secured 151% (£1,512,752) of its £1M fundraising target from 1011 investors (at the time of writing) via Crowdcube.

Caxton, which says it has a great team and proven technology and further claims that 500k+ B2B and B2C clients trust the Fintech firm to handle transactions valued in the £millions, reports a £55M pre-money valuation, £41.57 share price, 2.68% Equity.

Caxton’s management noted that their Cloud platform supports instant payments ‘anytime, anywhere’ and they’re raising funds again to “accelerate growth with key hires.

Here are the key business highlights shared by the Fintech firm:

  • Strong record of profit – FY 2019: £14m revenue £3m EBITDA
  • Proven payments platform handles millions of transactions
  • 500k customers, amid a £700 Billion addressable market
  • Experienced team with record in growth companies

As shared by the company:

“With an [established] record of profitable growth & pioneering innovation, Caxton is the original fintech with a difference. In 2002 we were disrupting the FX market, challenging the rip-off high-street banks. 20 years on and underpinned by an experienced team, we stand tall as an FCA-regulated payments firm. Our agile systems are fit for the future where clients simplify & automate all their payments – on one platform.”

The company added:

“500k+ clients trust us to deliver their money. In FY ’19 we made £14m revenue and £3m EBITDA (FY ’21 Rev: £8.4m, EBITDA: £1.3m). With our proven formula for growth we can take advantage of the shift in the cashless payments sector that PwC predicts will grow 192% this decade. We address a £700bn SME trade market within a total UK payments market of £83 trillion.”

The firm also mentioned that their scalable platform “works for every payment a B2B client makes – expense management cards, UK supplier payments, payroll, or international.”

B2C clients “make international payments and sort their travel money via a single multi-currency account that pairs with a debit card,” the firm noted while adding that they are now “accelerating the growth – our bulk payments revenue has climbed 118% this year.”

They further noted:

“With your funds we will make more key hires & expand our marketing drive. We believe with our proven platform, strong brand & great team it will enable us to capitalize on the market opportunity.”

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