Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

LONDON LAWYERS MACKRELL TURNER GARRETT ASSIST WITH RIMILIA’S MAJOR INTERNATIONAL GROWTH FUNDING

The Corporate team at Mackrell Turner Garrett, an award-winning mid-tier firm based in London, has assisted the shareholders of Rimilia Holdings Ltd with its growth funding of $25 million.

Maung Aye
Maung Aye

The Bromsgrove-based tech company is currently leading the way in automating the cash matching and credit collection process with its Alloc8 Cash and Alloc8 Collect products.

The system uses machine learning to help companies match invoices to payments received in real-time, reducing the need for manual work. It already has an extensive client list, which includes the likes of Avis, Hitachi, Santander and Travis Perkins.

With the help of the experienced team at Mackrell Turner Garrett the company has now completed a funding round that was co-led by Kennet Partners and Eight Roads Ventures, which has resulted in the significant investment.

Mackrell Turner Garrett’s team was led by corporate partner Maung Aye, supported by solicitor, Mohit Pasricha and employment partner, Donna Martin.

Rimilia will now use the funding to expand further into Europe and the US, while also doubling the size of its team.

Chris McGibbon CEO of Rimilia said “The team at Mackrell Turner Garrett were superb to work with. The thoroughness and quality of their approach coupled with the personal way that they engaged with us meant that we were kept informed all the way through the transaction and our interests were always at the forefront of their considerations. Great team and a great result!”

Speaking about the transaction, Maung said: “Rimilia is a real British success story and I am glad that we were able to play some part in this successful round of funding.

“Rimilia quite clearly has a bright future ahead of it. I would like to congratulate them on this achievement and wish them the best of luck with their ongoing expansion.”