Online dynamic packaging agency Travel Republic is hoping to raise several million pounds through third-party financing to fund plans for overseas expansion.
Finance and operations director Kane Pirie said the company is considering a few options, one of which is to find investment through external financing. The company has already appointed financial advisers Close Brothers to guide it through the process.
Pirie said: “We are not committed to anything but we want to continue to increase the size of the business. For aggressive expansion, it would make sense to look at the third-party financial option.”
But he added: “We may decide that we will not need third-party financing and opt to fund expansion from the profits of the business.”
Travel Republic is targeting growth in Germany, eastern Europe and Scandinavia.
The Travel Republic website, which was launched in 2004, is planning to roll out a package holiday site in addition to its dynamic packaging offering this year.