Ensuring an organisation's activities are compliant with key regulations. Evidology is a software program that can be easily integrated into a business's existing infrastructure. The software will check the business's data against more than 40 local and international legislation's and provide a real-time report to management that will highlight whether the business is following compliance, or not.
Evidology's revenue model consists of a 3-year subscription package, in the form of a standard, or enterprise-level product. The company has tested their software within nine businesses, including HSBC. Evidology has predicted to break even as soon as 15 months, based on selling their product at a modest rate of 3 clients per month.
days to go:
Expired
investment:
£50,003
A share tip service to save investors time and money by consolidating the most trusted tipsters and analysts to follow and copy. Stockomendation aims to increase trading activity and engagement on trading platforms by aggregating, tracking, collating and analysing tips offered by those working in the industry. They use a multitude of sources including brokers, websites and researchers so investors can view and follow track records of success with confidence.
Stockomendation has received a £100k UK Government Innovation Grant, £200k from the Development Bank of Wales Technology Fund, partnered with a leading UK University and developed artificial intelligence technologies using Big Data to analyse the market for stock tips and advising which shares to buy or sell. To date, in the UK more than 40,000 stock tips and 300 analysts and tipsters have been tracked for the 7,500 current investors on the platform.
Revenue is generated via monthly membership subscriptions, as well as licensing agreements, partnerships, sponsorships and advertisements. Stockomendation has launched in the UK and is now seeking funds to expand into the EU, USA, Canada and Asia. In addition, this funding round will allow the business to launch further monetisation methods to increase B2C and B2B relations, recruit key hires, develop multi-lingual offerings, increase data collection and develop more sophisticated functionalities such as widgets.
days to go:
Expired
investment:
£381,725
iBan Wallet has created an app which allows users to be in control of their finances, connecting them to the people involved in any transaction. They will create a space for investors and also for borrowers, allowing the borrowers to be in control of the amount of interest they pay.
days to go:
Expired
investment:
£111,648
Laka Insurance is a collective insurance provider. The company is disrupting the cycling and e-mobility industry. It aims to become a segment leader in the aforementioned industry that is forecast to reach £100 billion by 2025. Laka argues that the traditional insurance model is based on insurers taking a customer's money and profiting from not paying out claims. It aims to change this. Members on Laka share the cost of all claims, and the company earns its share when settling claims for the member. Laka has insured over 10,000 bikes till date. The company launched its new product, Laka Club, in 2020 that offers third-party liability insurance. Laka has won the Best Cycle Insurance Provider at the Insurance Choice Awards multiple times. The company will use the investment to expand its customer base, bring new offerings, and expand its business across different demographics.
days to go:
Expired
investment:
£2,056,630
Future Planet is an investor-led, co-investment platform giving entrepreneurs a reliable and profitable platform to solve the world's greatest challenges like health, climate change, education, sustainable growth & security. Until now, venture capital has been accessible mostly to insiders, institutions and some high-net-worth individuals (HNWI's) but Future Planet is democratising this stage of investment. It allows world-renowned institutions such as Tel Aviv University, Stanford University and Cambridge University and more to have a stake in Future Planet and access the growth generated by its participating companies in Silicon Valley, the Eastern Seaboard, Europe, Israel and Asia. Since its founding, the company has brought $100 million from some of the world's largest investors, raised and invested its first fund and invested with important companies and renowned managers. The company plans to use the investment and momentum to launch the second Future Planet Fund in 2021 and continue its growth with a target of $500 million in Assets Under Management (AUM) by 2025.
days to go:
Expired
investment:
£1,553,118
Project Imagine (PI) is a startup focused on financial equitability for all. The company aims to build a financial service that doesn’t profit from short term unsecured debt, but one that grows with its customers and does everything it can to help them achieve their financial dreams. PI launched a current account, smart budgeting, saving tools and access to investment products from the likes of Blackrock and Vanguard in January 2019 in the UK consumer market. It has raised over £18 million to date. The company was named one of the UK’s 'Top 10 Best Banking Apps' by finder.com and recognised alongside Samsung and Apple in the technology section of the Global Brand Awards as the 'Best Innovation in Fintech'. It will use the investment to become the go-to platform for managing a user's money, bring together diverse fintech innovation from around the world into one common standard, and retain the most driven execution talent to boost company profits.
days to go:
Expired
investment:
£2,160,625
Crowd for Angels (UK) Limited is an FCA regulated crowdfunding platform that provides investors and companies with an opportunity to invest and raise funds. The company was launched in 2014, since then, it has funded dozens of bond pitches and shares. The company has recently specialised into the crowdfunding of tokenised assets. The company has tokenised assets or securities that differentiate from a normal crowdfunding event. With the proceeds, the company will work on its working capital, expand its registered user base, and further its funds and investments.
days to go:
Expired
investment:
Withheld
Abundance is an alternative finance platform that lets people get directly involved in the transition to 'Net Carbon Zero' by enabling them to engage in 'Green Investments'. The company has a base of 6,800 customers who collectively share a desire to create a greener world. Abundance launched its new product 'Community Municipal Investments' (CMI) in July 2020. Its first investment with West Berkshire Council already has over 400 investors. It has also launched other financial products such as 'Innovative Finance' Individual Savings Account (ISA) and a Self-Invested Personal Pension (SIPP). Abundance has already put over £100 million into green energy and green social housing projects. It will use the investment to establish CMIs as the way to fund councils and engage citizens in green activities, cement its position in 'Net Zero' investments, and secure a strategic partner to grow more quickly.
days to go:
Expired
investment:
£702,620
InvestMyCommunity, trading under Karadoo, offers digital fundraising services to 1.5 million community organisations in the UK. The company argues that organisations need to urgently digitise donations they receive in cash each year in the face of rapid cash decline. Karadoo asserts that its digital services solve this situation. The company is Financial Conduct Authority (FCA) authorised, offers donation fundraising, and plans to shortly offer micro-loan and micro-equity options on its platform. Karadoo has invested over £400,000 in highly automated platforms with low risk. It asserts that its hybrid operating model offers easy scalability as well as efficiency. The company claims that the introduction of contactless donation terminals in 2021 will strengthen the company's credibility. Karadoo intends to exit via a trade sale to a competitor or a software provider.
days to go:
Expired
investment:
£200,000
RemitRadar is a platform for sending and receiving money transfers or remittances. The company has 350,000 monthly average users and 1.2 million remittance agencies on its portal. The remittance sector comprises more than 250 million migrant workers who send money home and more than 700 million recipients who receive the money with a total transaction value of over $2 trillion. The company aims to be a major contender in this segment. RemitRadar is also working with the United Nations (UN) agencies to ensure that migrant workers and their families face negligible hassles sending and receiving money. The company will use 35% of the investment for software development, 35% to increase market penetration, 10% to recruit retailers and financial institutions into its lending model, and 20% to manage overhead costs.
days to go:
Expired
investment:
£360,126
