Global Expat Pay (GEP), which delivers global mobility solutions, has secured a £500,000 expansion loan from the Thames Valley Berkshire (TVB) Funding Escalator via appointed Fund Manager, The FSE Group. The funding will be used to increase staff to support GEP’s growing contracts and pipeline.

Founded in 2019, GEP has developed an innovative platform that simplifies and centralises payroll, tax, and immigration management for international businesses when dealing with the movement of employees between countries. This technology-led managed service streamlines data and payment management, automates critical processes, and eliminates duplication of effort. By integrating multiple data sources into a single reporting system, GEP provides actionable insights that enhance global mobility operations.

The market for global mobility solutions is expanding, with GEP uniquely positioned to challenge the Big 4 accounting firms in this sector. GEP’s automated solutions not only integrate seamlessly into customers' core systems but also deliver significant flexibility and cost efficiencies.

Mike Hibberd, Founder & CEO of Global Expat Pay, said: “We are thrilled to be working with TVB and The FSE Group. This investment will allow us to scale our team and meet the growing demand for our solutions. Our mission is to disrupt the status quo in the global mobility market by offering a comprehensive, automated service that outperforms traditional methods employed by the Big 4 accounting firms.”

Cheryl Weeks, Head of Funds at The FSE Group, added: “Global Expat Pay has demonstrated strong growth and innovation, with their blend of expertise in global mobility, data management, and cutting-edge technology positioning them well to continue this trajectory. Their innovative approach has consistently won competitive RFPs against the Big 4 and we are excited to support their expansion and look forward to seeing their continued success.”

With this new funding, GEP is set to further solidify its market presence and continue delivering exceptional value to its customers.

TVB Funding Escalator is an £11.3m initiative funded by Berkshire LEP. The escalator, which includes an Expansion Loan Scheme and a Trade Finance Loan Scheme, provides eligible companies with loans between £50,000 and £500,000 for activities that will deliver high-growth and employment opportunities.