Funeral Safe secures £7m to accelerate expansion
A consumer credit provider that specialises in tailored funeral finance, Funeral Safe works with more than 2,000 funeral homes and legal firms nationwide
UK-based lender in the end-of-life sector, Funeral Safe, has secured £7m in growth capital from existing shareholders at Black Lion Ventures to continue its expansion.
This latest investment in Funeral Safe has established Black Lion Ventures’ controlling stake in the business.
A consumer credit provider that specialises in tailored funeral finance, which allows individuals to spread the cost with monthly payments, Funeral Safe works with more than 2,000 funeral homes and legal firms nationwide.
The injection of capital will enable the firm to expand its team, broaden its operations, and enhance its range of financial products.
Robin Hyde-Chambers, founder and CEO of Funeral Safe, said: “This significant funding marks a major milestone in our journey, enabling us to accelerate our growth and innovation in the UK market. This investment underscores the confidence our investors have in our vision, our team, and the future of the firm.
“We look forward to an exciting future ahead as we continue to build a leading, sustainable, and innovative lender.”
Shane Clifford, CEO of Black Lion Ventures, added: “Black Lion mobilises its expertise and broad network to offer entrepreneurs much more than just capital. We’re excited to deepen our relationship with Funeral Safe and help them drive further growth in this sector.
“We are also excited that as part of our investment, Steve Pateman (non-exec director at Bank of Ireland and ex-CEO of Shawbrook Bank) will join the board as a Black Lion representative, to strengthen the support we give to the executive team.”
Black Lion Ventures is the VC arm of Black Lion Group, a family office based in Switzerland, with offices in London.