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Invest in patented smartphone instalment technology. NewPath’s annualized revenue increased by 8x in 2021

• Grew revenue run rate 8x in 2021 to a £6 million revenue run rate in Q4’21, targeting £9m in 2022

Investment highlights

• NewPath has a US patented instalment technology which can gradually reduce the functionality of a smartphone if instalment finance payments are late reducing risk

• Environmentally sustainable business selling refurbished smartphones on instalments

• The business has backing from venture capital firms such as Downing Ventures and 20 investors have invested over £1 million of equity funding in this EIS round this summer

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