Monspire raises £600k in pre-seed funding led by Fuel Ventures to launch its cashflow platform.
Fuel Ventures led the pre-seed round to help Monspire launch its cashflow management platform to market.
Monspire is a London based fintech that provides a cashflow management platform for small businesses. The software helps business owners predict cashflow needs and access invoice financing.
Monspire has secured £600k in pre-seed funding in a round led by Fuel Ventures. The capital will be used to launch the platform to market and rapidly onboard new businesses.
The London based fintech aims to address cashflow challenges faced by small businesses. Its platform offers forecasting tools to predict funding gaps alongside invoice financing options.
Founders Simon Draper and Ben Gillen previously built tech firms before establishing Monspire. The company was also recently selected for the AWS Startup Loft Accelerator.
From the founder
"Most business owners don’t start their own firm with a desire to spend their time running a finance function. As our study found, it actually distracts them from building their business. With Monspire, we want to give business owners the confidence to grow knowing that their finances are taken care of."
Ben Gillen
Founder at Monspire
Investor perspective
"We are excited to help accelerate the growth of Monspire, a purpose-driven company seeking to solve a tangible problem for small businesses, who form the backbone of the UK economy. Ben and Simon have a proven track record of scaling successful tech firms and we are excited for the product to launch to market."
Tom Hibbard
Principal, Fuel Ventures
Use of funds
- 01Accelerate go-to-market
