SLF backs Fife company
Software firm Paywizard gets £3.5m loan support
Paywizard, based in Kirkcaldy, is targeting emerging markets in Africa and South America after receiving the finance from the Scottish Loan Fund, managed by private equity firm Maven Capital Partners.
The software developer, whose customers include BT Sport, Setanta Sports, NHK Cosmomedia Europe and NBC Universal, has also named former BT Entertainment boss Andrew Burke as chairman as it targets
David Milroy, investment director at Glasgow-based Maven, said: “The experience and support of Andrew Burke will be of great value to the company as they target international expansion and SLF funding will provide the necessary investment in marketing and personnel to achieve this.”