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Bristol tech firm Amdaris secures seven-figure finance package from HSBC

The Business Magazine article image for: Bristol tech firm Amdaris secures seven-figure finance package from HSBC
13 March 2023
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Bristol-based tech firm Amdaris has secured a seven-figure finance package from HSBC UK to expand its offices and support its staff.

Digital transformation specialist Amdaris, founded in 2009 by Vlad Nanu and Andy Rogers, will use the funding to support its overall long-term growth, expanding its UK headquarters and extending benefits such as an electric car scheme to its UK employees.

Previous HSBC funding allowed Amdaris to create more jobs, supporting a 94 per cent company growth rate in 2022 .

As a result, Amdaris will add over 5,000 square feet to its current Finzels Reach location, bringing the total office space to 8,172 square feet and enabling a planned 60 per cent growth in its UK employee numbers.

In addition, a new vehicle programme will allow employees to replace their existing vehicles with electric cars that also comply with Bristol’s clean air zone.

Jamie Gibson, financial director for Amdaris, said: “This funding means we can continue to provide the best possible experience for our employees by expanding our offices and providing additional benefits.

“Our relationship with HSBC UK goes back to 2009 and is founded on the bank team’s genuine interest and deep understanding of what we do, led by our relationship manager, Liam Gover.”

James Shepherd, head of corporate banking, South West, HSBC UK, added: "We’re delighted to support a fast-growing Bristol business that is seeing success globally.

"The South West continues to be a hot-bed for tech firms and we look forward to working closely with the team at Amdaris as it expands.”

Since it was established, Amdaris has grown significantly and operates internationally with offices in the UK, Moldova, Romania, and Dubai.


Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

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