Zazu are building a digital-only bank in Africa, to bring financial inclusion to millions. Beginning as an e-commerce platform for farmers, Zazu is now pivoting to become a 21st century bank for Africa. Zambia has 1.2 million adults in formal employment, 1.4 million MSME's and 2 million emerging farmers, and Zazu aim at these high earners as they believe they may be unhappy with the high cost of banking.
days to go:
Expired
investment:
£259,688
Wombat is an investment platform that encourages millenials in the UK, Europe and beyond to invest in some of the world’s best-known brands for as little as £10. Their mission is to empower the generation of millenials to manage, save and grow money by breaking down barriers to traditional investing. The Wombat app was launched in the summer of 2019, and the company has already acquired more than 5,000 customers. Moreover, the company was nominated as Best Newcomer for the Robo Investing Awards and received positive press coverage. With the proceeds, Wombat is planning to build a strong customer base, fulfil growth strategy with a significant increase in marketing, product development, and to educate customers about investing.
days to go:
Expired
investment:
£435,717
Almond provides businesses and consumers with a method to understand their carbon footprint and use the company's proprietary offset tools to become carbon neutral. Consumers can earn Almond Tokens when purchasing products from Almond's partnering sustainable brands. The Almond Tokens can be spent on their website The Almond certification label on products enables them to demonstrate their commitment to protecting the environment, consumer health and building a better society for all. The core idea is to build a market that's geared towards sourcing and selling sustainable products. The green economy market is worth $4 trillion. The offset market was $300 million in 2018, having grown over 140-fold in 10 years. Almond seeks to be a market leader in this domain. It has also partnered with reputed institutions such as the World Wildlife Fund, and the Stockholm Environment Institute (carbon analytics). With the investment, the company aims to further the popularity of its existing Almond App and have more people join its ecosystem.
days to go:
Expired
investment:
£522,540
VINEX is a digital Business-To-Business (B2B) trading platform that connects buyers and sellers to source, sample, negotiate and execute contracts related to wine. The company has traded more than 115 million bottles of wine across 26 countries since 2016. It has also witnessed 3,200 monthly visitors on its platform with an average of 80 million litres of wine traded each month, from 16 countries. The company recently launched VINPay, an industry-first financial technology service customised for the wine industry, providing wineries with guaranteed payment and increased access to capital liquidity. VINEX argues that VINPay pays wineries in 3 days from dispatch, rather than them waiting for 90+ days, and removes non-payment risk. The company points out that it has already started processing invoices, making and receiving payments from 7 countries. VINEX aims to become a contender in the wholesale wine market that is set to exceed US$381 billion in 2021. It will use the investment to help wineries invest and flourish.
days to go:
Expired
investment:
£159,720
Toraphene is an environmental technology company that aims to eliminate plastic waste. It has released with its product, Toraphene, to solve this crisis. It claims that Toraphene is a biodegradable, compostable and commercially-viable plastic packaging substitute for conventional plastic. The company asserts that its product is biodegradable even in the ocean, and has been developed using graphene technology. It is focussed on eliminating carrier bags and food containers in its first-round which account for 23% of marine waste. It aims to be a segment leader in the projected $25.4 billion biodegradable plastic industry by 2026. The company will use the investment to make Toraphene accessible to companies worldwide and make plastic packaging obsolete.
days to go:
Expired
investment:
£1,000,000
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
Bank of Telecom is the global marketplace for secure voices trade. Members have access to live traffic and pricing and can post routes on their own terms and pricing to ensure simple and secure trading.
days to go:
Expired
investment:
£450,000
WeDeliver offers a comprehensive platform that caters to all on-demand purchasing and services requirements, going beyond just food and grocery needs. There goal is to streamline the entire shopping experience, sparing customers from hassle of juggling between multiple platforms, along with assisting and running errands and tasks, or even standing in queues for returning packages.
days to go:
Expired
investment:
£403,680
Crosspay is a company that aims to make remittance simpler and cheaper. The company built its proprietary system in 2017 to bolster international transfers at a fraction of the money charged by traditional Over-The-Counter (OTC) services. It has since powered over 50,000 transactions across 50 countries with a cumulative value of approx £32,350,000. The company aspires to become the segment leader in the more than $200 billion global remittance market. Crosspay was rated 'Excellent' on Trustpilot. It also created white-labelled apps for charities and churches to host content, broadcast live and receive donations simultaneously, irrespective of location. The company has been invited to partner on an Innovate UK project. It will use the investment to grow its business across different verticals.
days to go:
Expired
investment:
£212,581
Ziglu is a financial technology entity that allows a user to access both Forex and digital currencies seamlessly. The company permits a user to use any currency via its Mastercard debit card and protects the user's digital currency up to £50,000 against cyber-attacks. Ziglu is authorised by the UK's Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI) and is one of the first companies involved with digital currencies to be registered under the UK’s Anti-Money Laundering Regulations (AMLR). The company has achieved a 94% rating on TrustPilot, offers customers the option to send money via cryptocurrency, and previously raised £5.25 million in seed funding. Ziglu has featured in media entities like Coindesk and Yahoo Finance. It will use 30% of the investment in product development, 60% on user acquisition, and 10% on international expansion initiatives.
days to go:
Expired
investment:
£3,041,878
