Matt Newing, the founder of Chorley’s Elite Group, has invested £400k in electronic signature firm, E-Sign.
The company competes directly with DocuSign and Adobe to provide secure delivery of important documents and secure document transaction management.
Founded in 2013, the Liverpool firm is using the investment to gear up for growth in the Software-as-a-Service (SaaS) market.
“E-Sign is the fast-growing UK based competitor of DocuSign and is looking to shake up the market,” said Newing.
“I see huge potential in the business and, as always, I am keen to support technology that will open the industry and make it more competitive for other organisations. The market is still tough for young businesses and it’s good we can work with Thomas and his dynamic team to enable the next phase of their growth.”
E-Sign says it allows an enterprise to verify the identity of an individual before e-signing the business documents. It also allows SMS 2-factor authentication.
“We’re delighted to have Matt on board. This injection of growth capital will ensure we remain competitive in the SaaS market and have the resources and infrastructure to realise our significant expansion plans into more industries and countries,” added Thomas Taylor, Managing Director, E-Sign.