BR-DGE, the payments technology company, has secured £10 million, along with a new growth investor, as it executes its international plans.
Founded in Edinburgh in 2018 by Stagecoach employee Brian Coburn, BR-DGE helps enterprise merchants maximise payment performance.
The company has seen a 15 times increase in platform volumes in under two years, with transactions set to exceed 100 million per month by the end of the year.
Having established a leadership position in gaming payments, BR-DGE is now expanding into other enterprise sectors, with recent customer wins including major e-commerce business The Hut Group and Betfred.
This latest funding round has seen Bettor Capital, a specialist US-based investor in the gaming industry, join as a new growth partner, alongside continued backing from existing investors.
The new investment will be used to further enhance BR-DGE’s platform capabilities, strengthen go-to-market activity and drive geographic growth, with significant new market and product launches planned for the second half of this year.
Thomas Gillan, CEO, said: “This investment gives us additional backing at a pivotal stage of international expansion.
“Payments have become a much bigger strategic priority for enterprise merchants, particularly in complex, regulated sectors where resilience, competitive advantage, customer experience and compliance are critical to success.
“The next generation of payment infrastructure is not about moving money; it’s about optimising every transaction.
“This new funding will enable us to further develop our platform, power our growth plan and help more merchants solve the payment infrastructure problems that matter most in large-scale businesses.”
BR-DGE has also appointed Perry Blacher as chairman, bringing more than 25 years’ experience across technology and financial services, including as a founder, investor, advisor and board member.
A graduate of both the University of Cambridge and Harvard University, Mr Blacher adds senior fintech, investment and board-level expertise to the leadership team.
Jake Kleiner, partner at Bettor Capital, said: “We invest in core infrastructure that powers the gaming industry, and BR-DGE is a clear example of that strategy.
“Its growing positioning in gaming, combined with significant opportunity in adjacent verticals, made this a highly attractive investment opportunity.”
Pauline Bradley, CEO at Greyfriars, BR-DGE’s long-term investment adviser, added: “We have supported BR-DGE throughout its journey to becoming a category-leading payments technology company, and we are committed to continuing that support.”
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