Retail Assist bags funding from MEIF Maven Debt Finance

Retail Assist, a UK-based provider of IT and software solutions to the retail and hospitality industries, has secured a funding package from MEIF Maven Debt Finance.

The value of said package has not been disclosed.

Established in 1999, Retail Assist offers a range of managed services, including service desk support, desktop support, full IT outsourcing, cyber security services, retail systems support, project management services, technical services, and operations support.

Clients include Pizza Hut, Morrisons, Ted Baker, Vue Cinemas and Harvey Nichols.

Richard Brighty, Investment Manager at Maven, says: “Retail Assist presents a fantastic growth opportunity.”

“An innovative suite of software solutions combined with a large UK team providing development and support IT services, the business is well positioned to benefit from the upturn in the retail industry following a challenging period during Covid-19.”

“Maven’s investment follows on from additional investment from the Foresight Nottingham Fund, which initially supported the company in 2017.”

Kevin Greathead, Managing Director at Retail Assist, comments: “As a retail and hospitality specialist, Retail Assist has been providing IT managed support services to the retail and hospitality community for over 23 years, now supporting almost 40 established retailers and brands.”

“Our objective is to deliver services through an experienced, UK-based team who are passionate about shifting the dial on user experience.”

“Our relationship with Maven will allow us to invest further to maximise opportunities to grow the business, introduce new technology solutions and reach new customers and markets. We see very exciting times ahead.”

Funding newsStaff WriterRetail Assist, MEIF Maven Debt Finance, Funding news, Retail technology, Retail systems, IT outsourcingComment