Accesso Secures £50m For Growth Funding

The staff wrote a blog on May 30, 2023. The blog was posted.

A tech provider for global attractions has expanded into ski resorts. The company wants to keep growing.

accesso Technology Group plc will receive a funding facility of up to £50 million from HSBC.

This firm gives technology to entertain guests. It helps with ticketing and making sales. Other guest experiences are also improved.

Accesso announced that they have secured a new $40 million revolving credit facility. This facility will last for four years, until May 2027. Additionally, there is a $20 million 'accordion option' that can be used as they continue their strategic plan into the mid-term.

HSBC has taken over from Investec and now provides the group with a facility. The facility is worth £18m. Investec's arrangement ended in March 2021.

The company used to offer tech for theme parks. Now it offers tech for more places. It helps ski resorts, concerts, arts, and other places.

LendInvest sold a mortgage portfolio. The portfolio was worth £243 million. LendInvest sold the portfolio to JP Morgan. The sale was announced on Thursday. This sale will help LendInvest. The sale will help LendInvest focus on its core businesses. The core businesses are lending and investing. The sale will also give LendInvest more capital.

Steve Brown is happy about the new agreement with HSBC. He is the CEO.

Our growth plan is going well, and we're doing a great job. This agreement helps us be stronger and lets us do good acquisitions that add value. We can move faster with our plan.

The company accesso is from Reading and has offices in Belfast and London too. The company also has offices in different parts of the world like Australia, North America, South America and Europe.

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