Santander launches crucial ‘support’ for being ‘unlike other banks’

A Solihull tech firm has received a huge funding boost from Santander. B2B data software solutions provider Stickee – producer of market data and insights – has received a seven-figure growth capital facility from Santander UK

The Solihull, West Midlands firm is a creative technology business focused primarily on developing innovative software and data insights that help its clients succeed on and off the web. Santander’s growth capital package will ensure that the company’s rapid growth is adequately supported.

From 2023 to 2024, the business has forecast 25% year-on-year growth. It also expects its workforce to grow further as it wins new contracts, with its new growth capital facility enabling faster growth.

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Bobbie Bhogal, director at Stickee^{said: “Unlike other traditional banks that only favor bricks and mortar investments, Santander understood the role of technology and software and their high potential for growth. The team’s friendly approach, willingness to engage and efficient follow up is something I have not experienced with any other bank.}

“At Stickee we needed to continue to invest in our proprietary software and also invest in AI and Machine Learning to ensure we took full advantage of emerging technologies and the support from Santander will enable us to do this .”

Simon Clewlow, Growth Capital Director at Santander UK, said: “We are delighted to be able to support Stickee with a seven-figure growth capital package, having worked closely with the company over the past few months. The company’s growth to date is a testament to the uniqueness of its service offering and the tremendous value its proprietary technology generates for its high-profile client base. We look forward to supporting Stickee in the next phase of its growth story.”

Emmet Keating, Partner at Headpoint, commented: “Stickee is a leading software provider providing high value market intelligence and data to its global blue chip customer base. Through ongoing investment in AI to enhance its proprietary technology, the business is well positioned to increase its recurring revenue and capitalize on its significant growth potential. “