Meysey secures £250k pre-seed funding from QVentures to develop fraud protection software.
The pre-seed investment was led by QVentures with support from strategic angel investors.
Meysey is a London-based fraud protection startup that provides automated software for small and medium-sized enterprises. The cloud-based tool integrates with accountancy platforms to scan transactions and flag potential risks.
Meysey has secured £250k in pre-seed funding to develop its fraud protection software for small and medium-sized businesses. The round was led by QVentures, with participation from strategic angel investors. The company intends to use the capital to enhance its technology and expand its network of accountancy partners.
Fraud continues to present a significant challenge for smaller firms, which often lack dedicated compliance resources. Meysey aims to address this by continuously scanning financial data to detect anomalies and payroll risks. The investment provides a springboard for the founders as they scale operations.
From the founder
"This seed round gives us an important springboard to further enhance our software and to expand our distribution network of accountancy partners. Having QVentures as our lead investor in this round is a privilege, their excellent portfolio of companies speaks for itself, and we’re delighted they chose to add Meysey to the cohort."
Oliver Crofton
Co-founder and CEO at Meysey
Investor perspective
"We are thrilled to back Oliver and Drew at Meysey, two founders with a track record of success. Financial fraud is something that SMEs face every day and the Meysey solution will help identify and prevent this and the loss of millions of pounds."
Brian Hatton
Partner, QVentures
Use of funds
- 01Continue product development