London-based advice and professional services firm Fusion Consulting Group has received a funding package from lender growth finance solution provider SME Capital.
The financial terms of the deal were not disclosed, but SME Capital’s website says it provides funding of £500,000 to £5m ($5.6m, €5.7m).
Fusion was founded in 2015 by Mitch Young and Adam Maurice to provide tax services, accountancy, financial and legal services, digital marketing and business advice to private clients, entrepreneurs and SMEs.
Young said: “We are proud to be one of the first firms in the UK to offer holistic advisory across our portfolio of expertise specifically targeted at SME’s and entrepreneurs. Our offering ticks the boxes for what the next generation of entrepreneur is looking for by providing a blend of expert advisory and technology to add value and help them achieve their goals.”
The funding will be used to invest in people and technology, as well as to create a “buy-and-build” programme to consolidate advice firms under the Fusion brand, which is set to start in 2023.
Maurice added: “Further acquisitions are paramount to us being able to deliver our strategic vision and I am delighted to be working with the team at SME Capital who completely understand our vision and are providing significant funding to enable us to deliver our buy and build strategy.”
The firm said it currently has a number of potential deals in the pipeline after its most recent acquisition of accountancy and taxation firm Wilton Mutlow & Co in 2021.
