“Derek Ellis, Fund Manager at The FSE Group, “We are delighted to show our continued support to Damien and his team. Since the initial funding in September last year the company has grown significantly and now works with over 200 travel agents. This additional £50,000 will enable the company to upgrade the platform with the latest software and to increase the number of employees to meet demand.”
Find out more about Widgety here: http://www.widgety.org/
Online Content Sharing Software Platform Secures Expansion Loan
Hampshire based software company Widgety is set for expansion with the help from a £100,000 loan from the Enterprise M3 Expansion Loan Scheme.
Through a neatly designed interface businesses are able to quickly and easily update, monitor and distribute their content to any website. Launched in 2012 Widgety was first aimed at the cruise and travel sector, with clients including Regent Seven Seas Cruise and Advantage Travel. The company has recently adapted the platform to cater for the small and medium sized enterprise market, allowing attractions and businesses to showcase their events and promotions seamlessly across multiple third party sites.
Damian Gevertz, Managing Director at Widgety, “The concept is a simple one, we identified the problems that businesses have when updating a vast amount of information about their company online, and came up with the Widgety platform that does everything for you. Widgety works across all devices allowing content uploaded just once to update automatically everywhere”
Derek Ellis, Fund Manager at the FSE Group, “With strong existing contracts and the mechanisms in place for growth, we believe that Widgety can continue to excel and enter new exciting markets. We wish them all the best for the future and look forward to helping them reach their future goals.”
The funding is being used for new staff and software development to finish the remaining key modules needed to bring the product together and move towards full automation and support. This will allow Widgety to grow from its current base geographically.
The Enterprise M3 Funding Escalator is a £5.5m initiative funded by Enterprise M3 Local Enterprise Partnership. It includes a growth equity fund and provides eligible companies with loans and equity funding of £50,000 to £200,000 for activities delivering high-growth and employment opportunities.
For more information about the Enterprise M3 Funding Escalator please visit http://www.thefsegroup.com/enterprise-m3-funding-escalator or contact Derek Ellis at firstname.lastname@example.org tel: 01276 607302.