£2m funding to develop Dr. PawPaw's global presence

Beauty brand Dr. PawPaw has received a £2 million funding package from HSBC UK to keep up with increasing demand across its product portfolio.

The family-run business was founded in 2013, producing a range of multi-tasking balms for lips and skin, as well as a hair and body products, using sustainable and ethically-sourced ingredients.

Dr. PawPaw will use the funding to import greater levels of stock to fulfil larger orders in addition to an increase in demand from its UK and international customers.

Commenting on the injection of finance, Johnny Paterson, Managing Director at Dr. PawPaw (pictured with Co-founder Pauline Paterson), says: “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.”

Sarah Milligan, HSBC UK Area Director for South East Business Banking, adds:

“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.”