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Dr.PAWPAW Receives £2 Million Funding from HSBC

November 24, 2021 BeautyMatter
November 24, 2021
Dr.PAWPAW

Dr.PAWPAW has received funding from HSBC UK to keep up with increasing demand from retail partners.

WHO: UK-based Dr.PAWPAW is a family-run business founded in 2013 by Johnny and Pauline Paterson. The brand champions sustainable and ethically sourced ingredients across the entire product range, including multitasking balms for lips and skin and a hair and body range.

WHY: The funding will support inventory to fulfill larger orders and increased demand from both its UK and international customers.

IN THEIR OWN WORDS: Johnny Paterson, Dr.PAWPAW's Managing Director, said: "The funding from HSBC UK will provide us with the financial backing to drive our growth plans, as we develop Dr.PAWPAW's footprint in international markets, including China and the US. We've seen significant growth in recent years, and we aim to build on this momentum with the financial support and international reach of HSBC UK through our Relationship Manager at the bank, James Farrands."

Sarah Milligan, HSBC's UK Area Director for South East Business Banking, added: "We are delighted to support Dr.PAWPAW with its expansion plans and the development of its international presence. The increase in demand for Dr.PAWPAW’s sustainable offering speaks to the growing interest amongst consumers for eco-friendly products, a key element of current beauty industry trends."

DETAILS:

  • Dr.PAWPAW received £2 million funding from HSBC UK.
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