Tomahawk and Ascension led the pre-seed round, with backing from Haatch and NBS Ventures, to support the growth of the social lending platform.
"We’re on a mission to personalise credit scoring and create a fairer way to assess creditworthiness. By making smarter lending decisions based on a person’s actual behaviour and current financial position, we will be giving financial independence to millions of people currently excluded from life-changing loans. I’m one of the ‘13 million’ and I have a deeply personal experience with the blunt instrument that is our current outdated and odious credit scoring system. This investment is a big step towards creating a world where everyone is treated fairly and can access affordable finance."
The pre-seed round was backed by 10x Founders to coincide with the platform launch during freshers week.
"I believe that the next generation of students will use Huzzle to enter the world of work, because it brings clarity and convenience to a career market that has been fragmented and underserved by tech solutions."
— Robert Wuttke, Founding Partner and Managing Director
Earlybird led the pre-seed round for the financial data platform, with backing from Seedcamp and industry angels.
"Thousands of APIs are opening siloed data sources globally at a rapid pace, but the explosion in the number of touchpoints has created significant complexity; and it’s increasingly difficult to integrate this dynamic ecosystem in existing back-end systems and processes. We couldn’t find a comprehensive solution that didn’t require complex manual configuration and lengthy integration. So we decided to build it."
The pre-seed investment was led by Techstart and CVC Philanthropy to fund product development and team expansion.
"No single company is going to achieve circularity on their own; it relies on an ecosystem of partners working together. Sharing information within the ecosystem is a critical barrier to overcome, and that is what Reath offers to clients."
