International beauty brand and CEW Beauty Award winner Dr.PAWPAW has received a £2 million funding package from HSBC UK to keep up with increasing demand across its product portfolio. The funding will support the business as it looks to import greater levels of stock to fulfil both larger orders and an increase in demand from both its UK and international customers.
The family-run business was founded in 2013 and champions using sustainable and ethically-sourced ingredients across its range. Dr.PAWPAW products include multi-tasking balms for lips and skin, as well as a hair and body range and the business has benefitted from the growing consumer interest in more sustainable products.
Johnny Paterson, Managing Director at Dr.PAWPAW, said: “The funding from HSBC UK provides 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 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 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.”
For more information on Dr.PAWPAW please visit their website here.