PassEntry Secures £5.2m for International Expansion
Deal News | Mar 04, 2025 | UK Tech Funding
PassEntry, a digital pass issuer based in Fulham, has raised £5.2 million in a funding round to expand its international footprint. Founded in 2019, the company partners with brands like Holland & Barrett to issue digital passes such as event tickets and loyalty cards. With this investment, PassEntry aims to grow its customer base by 300% and enter five new markets, including North America and Asia Pacific. The funding was co-led by Acurio Ventures and Bonsai Partners. PassEntry's CTO and co-founder, Nico Cary, emphasizes the company's focus on seamless pass integration with point-of-sale systems to enhance customer acquisition and engagement. The investment underscores the potential of digital wallets to unlock new revenue streams and foster customer engagement.
Sectors
- Financial Technology (FinTech)
Geography
- United Kingdom – PassEntry is a UK-based company headquartered in Fulham, London.
- North America – PassEntry plans to expand its operations into the North American market as part of its growth strategy.
- Asia Pacific – Asia Pacific is targeted for PassEntry's international market expansion following its recent funding round.
Industry
- Financial Technology (FinTech) – PassEntry operates in the FinTech industry by providing digital wallet solutions that allow businesses to engage with customers through digital passes like event tickets and loyalty cards.
Financials
- £5.2 million – The amount raised by PassEntry in the funding round led by Acurio Ventures and Bonsai Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PassEntry | Target Company | Company | A Fulham-based digital pass issuer partnering with brands for digital wallet solutions. |
| Acurio Ventures | Investor | Company | A venture capital firm co-leading the funding round in PassEntry. |
| Bonsai Partners | Investor | Company | A venture capital firm known for backing startups, co-leading the funding round in PassEntry. |
| Nico Cary | Co-founder and CTO | Person | Chief Technology Officer and co-founder of PassEntry, commenting on the company’s strategy and growth. |
| Ander Michelena | Founding Partner | Person | Founding partner of Acurio Ventures, commenting on the investment in PassEntry. |