GCA Advises Moneypenny on Its Investment From ECI
Founded in 2000, Moneypenny delivers outsourced telephone answering, live chat, switchboard and other technology-enabled services to its customers. Powered by its proprietary intelligent call-routing platform, Moneypenny handles 15 million calls and chats annually for more than 13,000 clients in the UK and US.
ECI’s investment will support Moneypenny’s international growth plans. Additionally, the company intends to capitalize on the shift to AI-led solutions in the sector and to deliver automation to its clients using AI and digital switchboard products.
Ed Reeves, co-founder of Moneypenny, said: “We’ve such an exciting time ahead of us; we’re the market leaders, we’re developing so much exciting technology for our clients to use and we’re growing incredibly quickly. That’s what makes Moneypenny stand out from the crowd. This deal with ECI enables us take all of those elements and scale them up even quicker, both for our UK and US businesses.”
GCA acted as exclusive financial advisor to the shareholders of Moneypenny in connection with this transaction.
GCA is a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.