SME Capital backs Recruitment Software Provider’s Growth plans

Founded in 1999, hireful started out as a traditional recruitment agency and has since evolved to help organisations achieve ‘recruitment successes with its industry leading ATS (Applicant Tracking System), job advertising campaigns as well as unrivalled support and training.

Based out of Northamptonshire and regarded as the best ATS for ‘everyday organisations’, hireful have a strategic focus on growing and investing further in the commercial side of the business that focuses on their ATS product.

Lead by Regional Directors Kenny Hughes and Chris Collings, SME Capital have provided a seven figure bespoke long term funding package to support this growth strategy.

Commenting on the deal, Chris Collings said:

“The team at hireful have invested significant time and effort in building a market leading platform which complements their impressive range of recruitment and HR services, providing a real value-add to their customers. We are excited to be supporting the next stage of this journey, and working with the team to further grow the business into the future.”

Sarah Brinkley, CFO at hireful added:

“We’re really happy to be working with SME Capital, they took the time to fully understand the business and our future potential. Their team are incredibly approachable, and it feels like a real partnership.”

CEO at hireful, Sean Maher, said:

“It’s an exciting time for the team at hireful. This funding means we can enter our next phase of growth and support even more organisations with the software and skills they need to achieve their recruitment goals.”

Corporate Finance advice was provided by Nicolas Jacquier at Leyton Capital Advisors, who commented:

“We are very proud to have helped hireful at this major milestone and to have facilitated the partnership with leading lender SME Capital. I am honoured to have played a role in fostering this alliance and wish the best to hireful’s team in this new chapter of its development.”

Andrea Unwin, Carly Brown and Avril Higginbottom of Clarion acted for SME Capital on the legal documentation. Ian Sharrock of EMW Law provide legal support to hireful.

If you would like to discuss growth financing in more detail or our wider funding capabilities do get in touch.

About SME Capital

SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.

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SME Capital backs Recruitment Software Provider’s Growth Strategy