Tech entrepreneur and founder of Elite Group Matt Newing (pictured) has invested £400k in electronic signature service provider E-Sign in preparation for growth in the SaaS market.
E-Sign's secure document transaction management (including payment capture and processing) is used in a number of industries and competes with rivals such as DocuSign and Adobe.
“E-Sign is looking to shake up the market," stated 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."
E-Sign MD Thomas Taylor added: “This injection of growth capital will ensure we remain competitive in the SaaS market and have the resources and infrastructure to realise our expansion plans into more industries and countries."
In practice E-Sign enables an enterprise to verify the identity of an individual before e-signing the business documents, anytime and anywhere in the UK, Ireland and Channel Islands.
It also allows for SMS two-factor authentication if required.
Newing added: "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.”