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
Fast-tracking ideas by connecting innovators and organisations together on a single platform. WorldLabs is helping the development of innovations by streamlining the process of those seeking funding and resources to make changes in the world. The company has already partnered with establishments such as UCL and Cambridge University.
WorldLab's ecosystem is designed to assist innovators in raising awareness for their initiatives and collaborate with businesses that support the idea. To date, almost 7,000 members are signed up to the platform, with more than 1,000 live projects listed. Funds will be used to increase the number of partnerships with international universities and institutions, as well as develop a mobile app with sophisticated features such as machine learning algorithms.
days to go:
Expired
investment:
£527,943
Husky is the UK’s only open, SaaS platform for workplace pensions. For employers, the platform deals with legal and compliance burdens of auto-enrolment while helping reduce pension costs. For individuals and company directors, the app is instrumental in bringing profitable and responsible investments with the Husky for Everyone app. And for advisers and accountants, it ensures strong client relationships amidst transparency and efficiency. Close to 1.4 million employers & 22.6 million workers are affected by the UK’s automatic enrolment (AE) legislation. Within this market, a conservative estimate of fees charged on employees by pension providers is £2 billion a year; Husky aims to disrupt this market & is ready to scale. Its method of operation has led to it achieving important milestones. With more than 1000 firms onboarded, a 92% renewal rate, and an average annual fee of £438, Husky charges its onboarded firms (including Crowdcube) with monthly recurring fees laid out as part of a 3-year subscription model. With the funds received, the company aims to disrupt the relatively stagnant workplace pensions industry with innovative products and empower its customers.
days to go:
Expired
investment:
£417,338
Ouno is dedicated to simplifying business travel. Their application provides luxurious, on-demand rides for executives, seamlessly connecting clients with their preferred drivers. By 2023, Ouno has generated £1.1 million in revenue since the app's launch, although it has experienced a negative EBITDA of £350,000 during this period.
days to go:
Expired
investment:
£411,778
Created in 2015, Fourex provides an advanced and innovative self-service kiosk for exchanging over 150 currencies in both coins and notes. The company has grown its revenue by 175 % and it is continuing to grow. It will be live in 80 locations by the end of 2019. Fourex has a presence at Heathrow, Gatwick, and Stansted with access to 153 million passengers per year. It is located in 21 London underground stations with a combined 1.9 million passengers each day. In early 2018, Fourex has extended its business from 12 locations to 66 locations. It has won innovation awards from Lloyds Bank, Virgin, and Amazon. The company's revenue has increased by 175% in 2 years. Fourex's current partners are TfL/London, Westfield, Underground, Welcome Break, Intu, Moto and Roadchef. The company aims to become a principal multi-currency exchange solution. With the proceeds, the company will be accelerating its growth in the UK, by expanding the network of machines nationwide both in international travel hubs, high footfall retails and transit locations.
days to go:
Expired
investment:
£928,830
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
Propio offers The Property ISA, a tax-efficient, simple and affordable way to invest in properties. The company aims to become the UK’s largest property-based ISA by making the experience of investing as straightforward as online shopping. Propio is powered by a team of property and finance heavyweights who hand-select all the investments, helping the customers reduce risks and earn stable, tax-free returns, irrespective of market fluctuation. The company’s client base comprises 1000+ customers who have invested over £7.5m in it. According to TrustPilot, Propio is among the top 10 investment companies in the UK, delivering average returns of 6.5% to investors, despite Brexit and stock market turmoil. Moreover, the company has partnered with two UK finance and property firms and expects an investment deal flow of up to £100m by 2021-22.
days to go:
Expired
investment:
£357,660
Landbay is a peer to peer mortgage lender who are on a mission to modernise mortgage lending by fusing innovative capital structures such as; ISA’s, peer to peer and institutional funding with technology to provide a service for their customers.
days to go:
Expired
investment:
£1,622,756
QFinds is a purpose-built hiring tool that enables employers to easily and efficiently pre-screen candidates, conduct interviews and generate employment contracts. The company asserts that it is a UK government vetted 'Kickstart Scheme' representative and can get small businesses grants to hire interns having already processed over 100 job applications. QFinds claims that its app has been downloaded 2 million+ times garnering 24,000 reviews averaging 4.8/5 stars. QFinds also points out that bad hirings cost the UK up to £6.7 billion in turnover, productivity, and training. It seeks to change this and disrupt the £39 billion recruitment market. The company has partnered with notable entities like University College London, Kings College London and Brunel University London, intending to use them as strategic partners to increase job seekers signing up to and using its app. QFinds will use the investment to grow its business across different verticals.
days to go:
Expired
investment:
£222,866
A P2P lender for short-term borrowers focused on providing affordable, flexible and ethical loans. Welendus has full FCA authorisation and there are over 18,000 users on the platform with more than 900 loans issued. Investment is sought to expand the team with new operational members and grow the service with the use of viral marketing and referrals. The company is seeking more IP applications and to develop the service with new functionalities.
days to go:
Expired
investment:
£939,104
