Fortu Wealth is a Business-to-Business (B2B) Software as a Service (SaaS) solution for private banks, wealth managers, external asset managers & multi-family offices. The company aims to be a segment leader in the $158.3 trillion personal wealth market. It has developed and launched the beta version of its Fortu Wealth mobile app and a desktop version of the application with essential features during the first three quarters of 2020. It has also signed partnership agreements with top service providers to provide facilities like Foreign Exchange, Anti-Money Laundering (AML), and Know Your Client (KYC). Fortu Wealth will use the investment to enable further product development, manage operating expenses, and invest in customer acquisition.
days to go:
Expired
investment:
£500,045
Expend helps businesses by simplifying and automating the process of expense management. The company provides optional contactless payment cards, receipt and invoice management, mileage tracking, spending approvals and expense reimbursements through its mobile app and web platform. It aims to become a contender in the global travel and expense management software market that is expected to reach $17.4 billion by 2027. The company argues that 96% of its customers are happy and recommend its services. It has onboarded notable clients such as Amazon, Capitalise, Bumble, and Jimmy's. The company will use 40% of the investment on sales and marketing to further target the Small and Medium Enterprise (SME) and corporate markets, 40% to open up market opportunities via further product enhancements along with partner products, and 20% to expand its services to international users.
days to go:
Expired
investment:
£926,610
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
Luxtripper is an online travel market place. Their aim is to save travellers time while searching for travel options and accomodatons. Luxtripper aim to use 30% of the proceeds to fully automate their hotel categorisation engine and scale search results.
days to go:
Expired
investment:
£600,780
ikigai aims to be the first financial technology company in the UK to combine banking and wealth management in one app, helping young affluents grow their money. It argues that 56% of high-net-worth millennials are dissatisfied with the wealth management tools on offer. ikigai aims to change that. It allows users to plan a variety of financial goals such as building wealth, starting a new business, or purchasing a home, to name a few. The company has partnered with Blackrock, which provides asset allocation insights to users. ikigai has raised £2 million to date and launched on iOS. The company has featured in media entities like TechCrunch, UKTN, AltFi and Glamour. It has partnered with best-in-class providers like WealthKernel and Railsbank. It will use the investment to grow its technology team and product roadmap.
days to go:
Expired
investment:
£1,675,801
Cook My Grub (CMG) is an online food delivery marketplace that offers fresh and authentic home-cooked food using Artificial Intelligence (AI) and Machine Learning (ML). CMG allows customers to choose their food from options such as vegetarianism, veganism, halal, and gluten-free. Customers can use CMG's app to order food on the same day or pre-order several days or even weeks in advance. CMG points out that it sets up 'Virtual Restaurants' for home-chefs giving them the flexibility to decide when, what, and how much they aim to cook. It aims to be a contender in the £10+ billion UK restaurant delivery market. CMG argues that it has served 1300+ meals across Maidenhead, Windsor, and Slough. It has planned future expansion across London, Reading, Swindon, and Home Counties. The company has featured in publications like BBC Berkshire Radio, Public Sector Catering, Business Cloud, and TechFound. It will use the investment to increase marketing, scale-up operations, and grow its technology teams.
days to go:
Expired
investment:
£685,544
Born out of love and passion for fishing, Hoox Club is inspired by the competitive spirit that anglers share. The company embraces all aspects of fishing and aims to mount a global community that provides technical apparel, experiences, products and innovative fishing events. Hoox operates in a huge market that is worth over £3bn in the UK and $46bn in the US. Addressing the customer need for a high-quality fishing brand with amazing customer service, Hoox is on track in developing a collection of performance fishing clothing and accessories. The company's mission is to project the Hoox club into a 3,000 secure membership. The fund raised will be used for branding, marketing, product diversification and expanding the business across Europe.
days to go:
Expired
investment:
£21,020
Brands reunited are looking to disrupt the modern craft beer market. Their sales are over £400k and are growing 100% year on year. They have two brands that are already in Watneys and Home Ales. The funding will be spent on building their brand and the team.
days to go:
Expired
investment:
£255,000
Expede develops and markets 'yada', the events mobile management platform, that lets users create and organise events; collate guests' photos, videos and comments; and combine that content to display a 360-degree view.
days to go:
Expired
investment:
£2,500
Moody is a health-tracking application that connects users with customised health, food and fitness advice based on their moods, symptoms and cycles. It endeavours to become a sustainable force for good in women's health. The company argues that women control >80% of household health spend and are 80% more likely than men to use a digital health app. It aims to harness these trends and capitalise on the global remote health care market that is forecast to hit £40 billion by 2025. 'The Moody Month' app featured in publications like Vogue, Grazia and The Guardian. It has witnessed over 136,000 downloads since its Version 1 release in 2019. The app has compiled over 5 million moods to date. The company will use the investment to scale its business globally and reach 1 million subscribers within a four-year time frame.
days to go:
Expired
investment:
£142,026
