TAP Financial Partners, a privately-held, boutique merchant bank, has completed an initial round of financing for London-based Mytown Technologies Ltd.
The agreement enables the technology solutions firm to access much needed growth capital to continue IT development and sales penetration throughout the United Kingdom.
The initial tranche will be up to £250,000 with the option of a further £250,000 at a later stage
The funding is provided via senior secured lending
TAP will also be providing financial advisory services and contract introductions as part of the overall package to be provided.