Funding will help grow technology and talent, says director.
Retail systems provider Citrus-Lime has secured a £750,000 investment from the Northern Powerhouse Investment Fund.
The Cumbrian based business, which also has an office in Manchester, will use the loan to fuel its UK growth.
A supplier of Cloud-based EPOS systems, Citrus-Lime provides an end-to-end software solution to independent equestrian retailers – as well as sellers in the cycling and outdoor markets.
The company says it has processed £2 billion of clients’ revenue through its Cloud POS platform to date.
Citrus-Lime works with retailers in Ireland, Spain and Germany too, and last year launched into the cycling market in America.
“The funding received from NPIF and FW Capital [part of the Northern Powerhouse Investment Fund] will facilitate further investment in our technology,” said Neil Wright, director.
“It will also be invested in growing the talent pool at Citrus-Lime. Both will improve our standing in the UK retail technology market.
“In addition to the NPIF - FW Capital's investment, we’ve committed £300,000 of our own money to help our plans come to fruition.”
