ECI invests in Make it Cheaper

16/10/2017
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Bionic Richard Chapman SME Services
Make it Cheaper Founder

ECI is pleased to announce our investment in Make It Cheaper, the UK’s leading SME switching provider for essential bills, including energy, telecoms, and insurance. The investment will help the business to:

  • Increase the depth of services in energy, telecoms and insurance
  • Reach more customers helping them to save time and money
  • Boost investment in its digital platform to make it even easier for customers to save money
  • Invest in new product and services areas

Make It Cheaper has appeared three times Sunday Times Fast Track 100. The Company is rated as the number one SME energy intermediary by industry analysts (by scale and transparency), procured over 60,000 energy contracts in 2016 in a growing market, amounting to approximately 2% of the total potential market.

Richard Chapman, head of business services at ECI commented,

Make It Cheaper’s motivated and experienced executive team have built a fantastic company that helps businesses save time and money. We are delighted to partner with Jonathan and the team, to help the Company scale up its customer acquisition and multi-product platform, and realise its potential for further growth.

Richard Chapman

Head of business services at ECI

We started up the company in 2007 just before the onslaught of the worst financial crisis since the Second World War. Our business model has always been predicated on helping small businesses to save time and money. That remains just as important as it did in the wake of the financial crisis and has helped us to thrive. By making switching as easy as possible, we have so far saved £0.5bn for Britain’s businesses. Make it Cheaper is a champion for SMEs – we want to help even more companies to save money on their bills.

We are excited to work with Richard and the team at ECI, who have a successful track record of supporting high growth online businesses servicing SMEs. We have identified a number of opportunities to further develop our service offerings to help SMEs. ECI will be key to helping us execute our strategy.”

Jonathan Elliott

Chief Executive of Make It Cheaper