Foresee Fixed Line, based in Erdington, Birmingham, has recruited two new staff to take its headcount to seven after receiving a five-figure funding package to invest in the development of artificial intelligence systems and to acquire state-of-the-art IT equipment for rental to business customers.

The company specialises in delivering bespoke IT solutions, fixed line and mobile infrastructure services. With a strong focus on artificial intelligence, Foresee aims to lead its industry while offering a comprehensive hardware rental service.

Foresee has built a reputation for understanding customers’ needs and providing bespoke IT solutions to address specific challenges.

The introduction of advanced AI solutions, including landline solutions, will enable the business to collaborate with its customers to streamline processes, optimise procedures and save valuable time.

By leveraging AI, Foresee aims to achieve measurable results for clients, such as reducing operational costs by up to 30 per cent and improving efficiency by 40 per cent.

The funding has also helped the business to purchase hardware including tablet devices and mobile phones to be used in hardware rental services to companies.

Foresee Fixed Line director Myla Iqbal said: “The funding from ART Business Loans has enabled us to develop our AI capabilities and compete effectively in the market. We are using AI to empower client businesses with cutting edge processes and procedures, offering solutions aimed at being affordable and innovative.

“ART Business Loans have been crucial to our business as they are a lifeline. Martin Edmonds, our loan manager, and the team take time to listen and understand our business plan. They are business funders who are there to listen to business owners.”

ART Business Loans manager Martin Edmonds added: “Foresee Fixed Line is an excellent example of how the right funding can help innovative businesses expand their capabilities and serve their customers better.

“We are pleased that ART Business Loans could provide the support their business growth ideas. Their focus on providing bespoke IT solutions and building long-term relationships with businesses and schools shows the kind of sustainable growth we like to support.”

The majority of ART Business Loans deals begin with introductions from commercial brokers, with John Pocock, commercial finance broker at Halo Commercial Finance, providing the link with Foresee. John said: “It’s great to see that Foresee Fixed Line can now embark on a new stage of growth to build the clients base for its innovative artificial intelligence solutions thanks to the funding from ART.”

ART Business Loans is a community development finance institution which seeks to ensure viable businesses in the West Midlands and adjoining counties can access the finance they need.

With loans available for any business purpose from between £10,000 and £250,000, ART Business Loans takes a personal approach to assessing applications. In the last 10 years ART has lent over £25million to 600 businesses that have created or preserved 4,290 jobs.