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MMC Ventures provides further investment of GBP2m for Small World

MMC Ventures, a venture capital firm investing in UK growth companies, has announced that it has invested a further GBP2m of equity in Small World Financial Services Group.

MMC Ventures, a venture capital firm investing in UK growth companies, has announced that it has invested a further GBP2m of equity in Small World Financial Services Group.

Incorporated in 2005, the business has grown rapidly through deploying its store and agent-based model in the heart of ethnic communities, as well as by acquisition, and now has a presence in eight European countries.

The operations provide money transfer and a range of other services enabling customers to send money to 100,000 locations in over 120 countries worldwide.

MMC first invested in Small World in 2007 with an equity investment of GBP2.4m.

‘We are impressed by the growth already achieved by management and this additional investment will allow them to continue to increase their global presence’ says Tom Hopkins, who led the investment for MMC.

Small World Financial Services Group is a family of retail financial services businesses that operates worldwide. With over 50 years’ experience, it offers customers services for money transfer, prepaid debit cards, cheque cashing and bureau de change.

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