Tech

Fast growing FinTech gets a £ 240 million turnover customer to process payments

FinTech

A Manchester-based FinTech has secured another major customer thanks to its technology that simplifies the payment process.

LWC, which is the largest independent wholesaler of beers, wines and soft drinks, has partnered with Total Processing, one of the UK’s fastest growing FinTechs.

Founded in 2015, Total Processing offers its services to over 3,000 customers and revolutionizes the payments industry by providing customized payment solutions through online and in-store channels around the world.

Alex Leigh, co-founder of Total Processing, said: “LWC is a classic example of a company with an extremely diverse customer base that trades tens of thousands of products every week and needs a payment system that can keep the step, efficiently.

“Regardless of the size of an order or how it is placed, how payment is made is not something a company needs to worry about. From the moment we started talking to the LWC management team about their challenges in early 2021 to understand, immediately, we knew we could provide them with a value-added solution.

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“It’s another important brand to add to our customer base as we try to help others avoid the many complex and unnecessary problems in payment processing.

Founded in 1979 and headquartered in Manchester, LWC offers over 8,000 product lines to more than 13,500 industry customers, from large corporations to sole proprietors and event organizers.

With an operation comprising over 400 employees and 17 distribution centers, it provides coverage across the UK.

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The company was formally recognized as “the fastest growing privately owned beverage company in the UK” by the Sunday Times and in 2021 alone it rearranged revenues of over £ 240 million.

Prior to working with Total Processing, LWC relied on several payment service providers to process customer transactions, each providing separate payment types.

Now, with Total Processing’s all-in-one solution, he can process all types of payments through a single platform, Total Control, from online purchases through his e-commerce store, to payment via links, POS terminals, inquiries. payment and e-commerce terminal payments.

Stephen Dyson of LWC said: “Our payment solution was not suited to the changing needs of LWC Drinks. I needed a more modern and dynamic way to collect payments from our customers. By partnering with Total Processing, we are now on the right track and I have been adequately impressed by the experience demonstrated since the beginning of this partnership. “

Fast growing FinTech gets a £ 240 million turnover customer to process payments

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