Holidaymakers tend to return home with around £110 in foreign currency, which tends to go un-exchanged possibly due to hidden fees, lack of ease and simplicity, or poor buy-back rates. Bedwig aims to solve this issue by creating a P2P platform for buyers and sellers to exchange unused currency whilst taking a commission to support the service.
days to go:
Expired
investment:
£39,570
Billon have created a technology that enables zero cost global payments by the use of a simple mobile app. Billon's mobile app allows you to instantly pay for the rest of an article from the Guardian or even donate to your favourite Youtubers with a few clicks of a button.
days to go:
Expired
investment:
£1,406,667
Helping insurance companies tackle fraudulent claims by using a combination of blockchain and artificial intelligence. BlockClaim aims to reduce the time spent by car insurers processing false claims, by performing data calculations on a driver and their driving behaviour. This information is fed into the BlockClaim system, which produces a fraud probability risk score.
BlockClaim's technology has been piloted by large insurance firms such as Admiral and Generali. The company's tool consists of a plug-and-play module that is integrated into existing systems used by insurance firms. Revenue is generated via a fixed fee per claim processed via BlockClaim’s product, as well as an initial set-up fee.
days to go:
Expired
investment:
£400,011
The British Design Fund invests in and provides support for early stage UK product design and manufacturing companies. The Fund seeks out extraordinary entreprenuers with scalable products ready to accelerate growth and build long term businesses.
days to go:
Expired
investment:
£350,000
Business Finance Market (BFM) is a financial technology platform that stimulates the market towards Small and Medium Enterprises (SMEs) lending via data in the UK. BFM claims that SMEs are gradually being excluded from mainstream banking. The company cites that in 1988, 40% of all bank lending went to SMEs. BFM points out that lending today is closer to 4% with an estimated £22 billion funding gap to the 5.9 million UK SMEs. BFM asserts that almost 90% of SME loan applications are stuck due to a lack of choice and transparency when it comes to securing finance. BFM aspires to solve this dilemma. It states that its technology allows SMEs to experience quicker finance decisions based on true addressable market access and allows lenders and intermediaries access to its platform to help manage the end-to-end application process, improve deal flow, and deliver faster credit decisions. BFM intends to exit via a trade sale within the financial sector.
days to go:
Expired
investment:
Withheld
An artificially intelligent web-based app for stock market investors to potentially increase their returns. Butterwire's platform aims to solve three common challenges more than 1 million UK investors face: finding high-return opportunities, minimising risk and being aware of sudden market fluctuations.
days to go:
Expired
investment:
Withheld
Career Masterclass (CM) is an e-learning platform that seeks to level the playing field for professionals from under-represented or under-served groups by giving them practical guidance from successful industry leaders. It aims to become a contender in the Learning and Development (L&D) market that is valued at £40 billion in the UK. The company asserts that there is a 57% consensus amongst leaders that soft skills such as communication, negotiation, personal branding, and leadership are more important than technical skills. CM aspires to fulfil this objective. It has onboarded clients such as Google, Natwest, HSBC, Barclays Bank, and McDonald's. CM's female CEO and founder has been listed on 'The Powerlist of Britain’s Most Influential People of African and African Caribbean Heritage' for 3 years running. CM will use 45% of the investment for growing its team, 30% for platform and content production, and 25% for marketing and administrative expenses.
days to go:
Expired
investment:
£412,939
Carnot is developing hydrogen engines with key components manufactured from ceramics able to withstand fuel combustion temperatures, eliminating the need for cooling systems and doubling the efficiencies of modern engines. The company argues that modern engines waste on average one-third of fuel energy to cool systems that stop metallic components from melting. Carnot claims that its engines eliminate this waste doubling efficiency, halve fuel costs and CO2 and achieve net-zero operation by operating on biofuels and hydrogen benefiting the long haul transport, marine and primary off-grid power markets. Carnot has raised over £600,000 including a pre-seed round in 2020 for £357,000 at a pre-money valuation of £2 million, a £300,000 Innovate UK grant and another £300,000 Eureka Eurostar’s grant. Carnot has a 5-year, 3-phase exit strategy and will begin licensing its IP at the end of 2023 at which point it will begin generating revenue. It will eventually look for acquisition from one of its manufacturing partners in 2025 after demonstrating industry acceptance of its technology.
days to go:
Expired
investment:
£262,500
Connecting a current account with Chip's savings account to automatically deposit money and offer interest in return. Over 75,000 accounts are registered on Chip with more than £36m deposited since launching and this figure is increasing by £5m every month.
Chip is raising funds to launch its new community lending service, ChipX. This service aims to offer up to 8% in returns and is intended to function as an alternative to regular banking products. Chip also aims to introduce new features such as the ability to save instantly, set smart and squad goals, roundup transactions, acquire FSCS protection and have a 1.5% base interest rate.
days to go:
Expired
investment:
£3,804,080
Chip is one of the fastest-growing Fintech companies in the UK. Chip has built an app that uses the user's banking app to make personalised decisions about their money. Its user base has doubled since its previous fundraising in 2018. The company has 153,000 accounts, and it has processed more than £130m of savings. ChipX is the company's revolutionary returns platform and it has a waiting list of more than 50,000 people. The company is a winner of the British Bank Award, 2 Crowdcube awards, and 1 World Banking Award. It has welcomed many management executives from Funding Circle, Monzo, and Purple Bricks. Chip is now scaling with market-leading returns on ChipX. It aims to build the biggest savings account in the world. With the proceeds, the company will double its team and expand ChipX in the €10 trillion European savings market.
days to go:
Expired
investment:
£3,768,260
