Digital marketing company, Webcertain Group, has received a £500k injection of funding.
The funding line, negotiated by Bibby Financial Services is to help it expand its business and grow into new markets.
Based in York, its most recent published accounts showed a turnover of £2.9m for the year ending December 2015. Since then it says it’s grown rapidly, reporting that its revenue reached £10m in 2017.
The company provides SEO, online advertising, content marketing, social media and translation solutions to international businesses as they grow into new markets.
“Our competition is global agencies who provide a global service but not the speed or cost-effectiveness of Webcertain – but what the global agencies do have is deep pockets,” explained finance director, Philip Hopkinson.
“Bibby Financial Services is helping us to level out the playing field and gives us more scope to expand and grow competitively. As this is non-equity funding, it also preserves value for the owners into the future.”
Webcertain now has an office in Barcelona and regional teams across Europe and North America. It offers translations services in more than 44 languages.
“With a far-reaching client base, across different markets, it was important that we understood Webcertain’s business, including their exports and billing processes. Our experience of dealing with an international client base was crucial to providing the right funding facility,” added David McIntyre, corporate manager, at Bibby Financial Services.
