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."
Beringea leads a £2m Seed round to help LITTA expand its digital waste collection services across the UK and internationally.
"LITTA has digitised a notoriously archaic, poorly serviced market. By leveraging our technology platform, which is underpinned by AI, we are able to leverage capacity in the market to fulfil customer bookings, aggregating a highly fragmented market. Our technology allows us to work with trusted suppliers to service customers professionally and efficiently, introducing the on-demand service that millennials expect today."
The funding round was led by Faber with participation from Ganexa Capital and Innovate UK.
"As it stands, the management of long-term health conditions is an inefficient process for patients and their GP practice. It involves multiple appointments, duplication of tests, and tons of admin. It doesn’t deliver the best for patients and also wastes valuable NHS time and resources. Abtrace is working at the interface of AI and healthcare to transform this."
The British agritech start-up surpassed its initial target with backing from over 2,500 retail investors.
"This funding round is transformative to Small Robot Company. The 2600 investors have provided us with the resources to deliver on our promise, to both farmers and corporate customers. It is proof, not only that Small Robot Company is technically capable of delivering the change that farmers need, but that there is overwhelming public and industry support for delivering our vision, and the need for per plant farming in the food system of tomorrow."
HotPatch closes a six figure seed round to support its flexible space booking platform.
"It’s been such an exciting time, we have barely had the chance to breathe. What’s even more exciting is we are literally just getting off the ground and although we have almost 300 Patches available with one hell of a community behind us, we haven’t even started to demonstrate the wider impact of our product yet"
