Finmo is re-imagining financial services by building tailored services and products to help the independents, self-starters and challengers of the world in attaining financial success. The Finmo solution helps users understand how much tax they owe to the government. It is the simplest way to track taxes for contractors, freelancers, and self-employed people. Finmo has made a user-friendly mobile application that has many advanced features for the self-employed who finance their business with their personal bank account. It monetises by cross-selling products and services and licensing its product out to accountants. The company has monetised the maximum investment amount of £100,000. The Goal of Finmo is to build, a sustainably profitable company.
days to go:
Expired
investment:
£150,000
Untied is a groundbreaking app that gathers information, claims costs and allowances, and prepares tax filings on the go. All of these can be sent to the tax authority from the application. The app connects across existing accounts, making tax sense of transactions and gives the assurance someone needs. Backed by Accenture's Fintech Innovation Lab and Barclays Techstars, the company became the first overseas winner of Israel's biggest fintech prize at Fintech Junction. The business will earn a turn over of £100m in ten years making it ready for an IPO. With the proceeds, it will create new software platforms, publishers, banks, and accounting firms.
days to go:
Expired
investment:
£350,000
Seers Group LTD is a Data protection and Cybersecurity leader in the UK. It's a one-stop-shop for all industries related to the new data privacy laws and cybersecurity. In fact, it considers itself the UK's number one GDPR and cybersecurity expert. Seers Group is partnering with several businesses, accountancy firms, membership bodies, and has access to 300k businesses, which include even the early stage business. Furthermore, its user base is growing by 300% MoM. Seers' aim is to build a Business Development and Support staff to end partnership deals and give expert advice wherever needed.
days to go:
Expired
investment:
£255,001
Recap is a cryptocurrency portfolio tracking, analytics and tax reporting platform. The company claims that market participants engaging in cryptocurrency have to deal with complex issues such as tracking all of their transactions, valuing cryptocurrency transactions in their tax currency and understanding capital gains tax legislation laws. Recap aims to solve this issue by enabling said participants to calculate any tax they owe on their cryptocurrency trading activity in a matter of seconds on its portal. The company has plans to launch a mobile application enabling investors to track their portfolio on the move. It also intends to come up with a Business-to-business (B2B) offering which Recap asserts will enable crypto native companies to account for their cryptocurrency activity with automatic accounts reconciliation to accounting software like Xero and Quickbooks. The company’s exit strategy is a trade sale within 3-5 years to a cryptocurrency exchange or accounting software provider.
days to go:
Expired
investment:
£120,472
Lenderwize is the first lending platform for Telecom Operators, offering investment opportunities in a new Asset Class. Its typical clients are mid-sized operators with an annual revenue of 50-300 million USD. Lenderwize sells to large Tier1 Operators (Originators) and buys from smaller (Terminating) Operators. Thanks to Lenderwize's in-depth industry knowledge, they have identified 1350 wholesalers in need of $96 million, making the Cost of Acquisition of clients very low. Additionally, its lean Back Office, Credit Vetting and Loan Management gives Lenderwize a competitive edge over Market Invoice or Funding Circle. With the funds, the company will invest in technology development and integration, increasing sales, marketing activities, and recruitment to enhance its reach globally.
days to go:
Expired
investment:
£100,045
ClickMechanic offers car repairs, servicing, Ministry of Transport tests (MOTt), diagnostics and pre-purchase inspections through its nationwide marketplace of vetted mechanics. The company cites research group Mintel's data stating that 50% of drivers got ripped off by car service centres. ClickMechanic wants to change this and become a leading contender in the £23 billion UK automotive servicing industry. The company takes a 20% commission on every completed booking and has secured a Net Promoter Score (NPS) of 85+ for its services. Their exit strategy is via an Initial Public Offering (IPO) or trade sale.
days to go:
Expired
investment:
£100,000
Orbitil have created a fun and easy project management program for comparing analytics and business intelligence. They provide a large variety of tools to help business leaders make better tactical decisions based on confirmed data.
days to go:
Expired
investment:
£133,414
The first wholesaler to offer insurance products for B2B and B2C firms in the Sharing Economy. Inlet aims provide insurance for assets that have been peer-to-peer rented for the short term, or for the provision of services such as letting properties online, as these markets are not currently covered by traditional insurances.
Inlet generates revenue from commissions via insurance products at the point of sale and at policy renewal. Income in the form of interest payments is also earned from customers that choose to pay via direct debit on a monthly basis, as well as from fees applied to customers who wish to amend their policies.
days to go:
Expired
investment:
£256,514
Balkerne is a tech start-up providing software as a service to the property and insurance sector. They have developed SmartResilience, a real-time loss prevention software platform, which helps insurers and the insured understand the value at risk. Insurers spend £1.3bn a year on commercial property claims and £2.3 on domestic property claims, work on squeezed margins and struggle to differentiate with the competition. Balkerne provides customers with pre-emptive, bespoke information and actionable advice, allowing insurers to minimise claims, uninsured losses and improve the customer experience. Moreover, they helped businesses reduce their long term property risk through proactive mitigation and make insurance affordable. Their SmartResilience platform has been developed with the technical ability to integrate with both Amazon Web Services (AWS) and Microsoft Azure Cloud. The company is registered on the AWS Partner Network and with Microsoft for Startups. Modular functionality is core to the platform, with the ability to seamlessly scale to meet customer requirements.
days to go:
Expired
investment:
£150,000
Baanx is a Business to Business to Consumer (B2B2C) banking platform that is Application Programming Interface (API) driven and digital-friendly. It aims to become a contender in the digital asset financial services market that is expected to rise and expand to over 580 million people or 7+% of the world population by 2022. Baanx argues that it is disrupting the slow and expensive banking sector by leveraging blockchain to launch secure and low-cost banking products and services, with a few lines of code. Baanx offers its users 'Digital wallets' (via API or a custom mobile app), crypto-friendly debit cards in physical and virtual formats, and allows users to send fiat or cryptocurrencies to anyone in their contact list with 'zero' Foreign Exchange (FX) fees, through its proprietary software, TextBit.
days to go:
Expired
investment:
£9,500,000
