SocialAmp reports record profit of £1.5m

0

British digital marketing company SocialAmp has announced record profits and plans for global expansion.

Founded in 2017, the company provides paid digital services to customers including Boohoo, Pretty Little Thing, MTV, Nickelodeon and Billionaire Boys Club.

SocialAmp posted 67% year-on-year growth with a profit of £1.5m. The company claims to be on track to make a profit of £5m by the end of next financial year – and is eyeing a public offering within three years.

Founded by four former Facebook employees – Matt Collino, 31, Scott McKenna, 31, Andrew Scrase, 31, and Tom Scrase, 30 – the company specializes in Facebook, Instagram and TikTok ads, as well as Google search and display advertising.

Thanks to an early investment from KM Capital, SocialAmp has grown its teams in London and Glasgow to 10 and aims to double that number by the middle of next year.

Based in London and Glasgow, the SocialAmp team continues to grow and support businesses worldwide with ten employees growing to 20 by mid-2023

Collino commented: “We have been extremely motivated to provide a working relationship where we are seen as an extension of the internal team rather than a typical external agency.

“It has helped us build lasting relationships and understand our clients’ businesses to help them be as efficient as possible and drive growth.”

Don’t miss the latest headlines with our twice-daily newsletter – Register for free here.

Share.

About Author

Comments are closed.