Press Release – Jenson SEIS Fund Invest in Cocoon Card
Jenson Funding Partners are delighted to advise they have completed an investment in Cocoon, a Fintech platform that enables businesses to rapidly grow by giving them the capability to provide their own finance to consumers that are typically turned away from mainstream point-of-sale finance lenders.
Cocoon removes the need for 3rd party lenders and enables businesses to increase revenues by serving more customers in a profitable way. The platform is aimed at retailers that have high margin high value products and services that can absorb a default rate within their gross margin.
Sam Meekins CEO of Cocoon has a background in Strategy & Operations Consulting with Deloitte and Product Management for a high growth tech business. Sam is responsible for overall strategy, finance and product. David Bray is CTO of Cocoon and has over 20 years’ experience in technology development within the financial services, public and private sectors. David is responsible for technology strategy, development and architecture.
Sam commented “We are thrilled to have Jenson onboard as an investor and believe they will be a great partner to work with as we execute against our ambitious growth plans.”
Sarah Barber, Jenson CEO commented “We are delighted to have the opportunity to invest in Cocoon given these unprecedented times and look forward to supporting them on their growth journey. It is important that we can continue to support start-ups and the wider SME landscape that will be critical to the wider economy going forward.”