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 I’m one of the ‘13 million’ and I have a deeply personal experience with the blunt instrument that is our current outdated and odious credit scoring system.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 London based escrow infrastructure provider secured backing from Nauta Capital to accelerate product development and launch U.S. operations.
"trustshare’s scalable and low-cost escrow infrastructure product looks to be a great solution for a very clear need for a supplier that can deliver trusted payments for high-value transactions. From the first meeting, we were extremely impressed by their industry expertise and track record, and we’re honoured to partner with them at such a crucial time."
The Manchester-based fintech secured £2.2m in a round led by Praetura Ventures alongside the Greater Manchester Combined Authority.
"SMEs and early-stage innovators are a vital pillar of our economy and will play an important role in UK's post-pandemic recovery, but many continue to be hampered by inadequate banking services. BankiFi want to change that by putting banks at the heart of businesses' day-to-day needs. Before the pandemic, invoice cycles took a month on average, meaning most businesses didn't get paid for their services or products for more than 50 days. That delay has now increased to more than 70 days, putting immense pressure on the cashflow of many SMEs."
Experian participates in a £10m Series A round intended to fund credit protection tools for small businesses.
"Managing credit risk is central to lender activity but SME owners typically overlook it. This restricts their growth and jeopardises their survival. While the digitalisation of financial services was on course to deliver SMEs with efficient access to new capital providers, the pandemic highlighted the fragility of their supply chains. As they emerge, their ability to recover and protect capital, while boosting their appeal to the lending community will be crucial. Capital Reports will make an unprecedented and timely contribution to SMEs’ ability to survive, and grow, in the UK within the coming months, in South Africa in Q4 with more countries to follow."
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."
