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
KindLink are a social network for donors and charities so donors are able to make a donation to their favourite charity and help them help other people. Donors are able to see the impact of the donations they are making by following the progress of the charity and updates for the project donated to. KindLink establishes a direct connection between donor and beneficiary to create a close and community-like feel.
days to go:
Expired
investment:
£25,045
Rebel Energy (RE) is an energy supplier on a mission to address inequality and provide everyone with easy access to clean and affordable energy, to eventually eliminate fuel poverty. RE claims that fuel poverty led to 16,500+ cold-related deaths in the UK in 2018. RE argues that as the UK home electricity market enters a phase of growth in a post-COVID world, it will be focused on offering reliable customer service and develop strategies that help people who are struggling with their electricity bills. The company has applied for a B Corporation accreditation. RE asserts that its customer support systems are automated and can handle multiple queries simultaneously. It plans to offer a weekly direct debit payment option. RE will use the investment to grow its business across different verticals.
days to go:
Expired
investment:
£503,810
Mapal Aeration Solutions provides the answer for municiple and industrial wasterwater treatment plants of any type and size to release clean water. This innovative patented solution focuses on providing energy-saving and maintenance advantages. Mapal says they have a successful installation track record in over 100 projects across 9 countries. The company is currently seeking funds to fuel its growth and expansion efforts.
days to go:
Expired
investment:
£467,504
ExpoCart is a marketplace that helps businesses in easily hiring and buying furniture, printed displays, floor coverings and more for exhibitions and events by a chain of suppliers. The company has built a customer base of 3500+ companies from 75+ countries. It has a strong supplier network and connections formed with a range of UK event and exhibition suppliers and, it has received a score of 8.5 on TrustPilot. The funds will be used to accelerate product range, strengthen the digital marketing channels and launch new technological platform features.
days to go:
Expired
investment:
£269,841
Zvilo aims to become a major challenger bank in the Balkans for Balkan people living in the European Economic Area (EEA). It plans to disrupt the outdated Balkan banking sector and become a contender in an estimated remittances per annum market worth €14 billion. The company asserts that it has procured a letter of intent for a pilot program that would allow it to offer business lending to 800+ Small and Medium Enterprises (SMEs) and financial services to 45,000+ potential personal banking customers. It has also initiated a licensing application with the Central Bank of Kosovo and partnered with Mastercard as its card partner. Zvilo will use the investment to formalise its application for Supply Chain Finance (SCF) licensing in Kosovo, execute its strategic partnership agreement with its Kosovar partner retailer, prepare for a second fundraising round, and expand its services.
days to go:
Expired
investment:
£666,085
Qardus is an ethical and Sharia-compliant financing platform for social impact Small and Medium Enterprises (SMEs) and investors. Qardus asserts that the 3.8 million Muslim community in the UK, and 25 million in Europe, is massively underserved when it comes to accessing interest-free (Sharia-compliant) structures. It intends to change this. Qardus offers up to £200,000 in innovative interest-free business financing to eligible SMEs for tenors of up to 24 months and is Financial Conduct Authority (FCA) approved. Qardus points out that it has provided over £250,000 in financing to some high social impact SMEs during the COVID-19 pandemic, maintained a 100% track record with a 0% default rate to date, and featured in media entities like Sifted, Islamic Finance News, Peer-to-Peer Finance News, and Fintech Futures amongst others. It will use 30% of the investment on marketing costs for acquiring SMEs and investors on its platform, 60% on growing its team, and 10% on obtaining additional licenses to expand its services.
days to go:
Expired
investment:
£313,009
Business Finance Market (BFM) is a financial technology platform that stimulates the market towards Small and Medium Enterprises (SMEs) lending via data in the UK. BFM claims that SMEs are gradually being excluded from mainstream banking. The company cites that in 1988, 40% of all bank lending went to SMEs. BFM points out that lending today is closer to 4% with an estimated £22 billion funding gap to the 5.9 million UK SMEs. BFM asserts that almost 90% of SME loan applications are stuck due to a lack of choice and transparency when it comes to securing finance. BFM aspires to solve this dilemma. It states that its technology allows SMEs to experience quicker finance decisions based on true addressable market access and allows lenders and intermediaries access to its platform to help manage the end-to-end application process, improve deal flow, and deliver faster credit decisions. BFM intends to exit via a trade sale within the financial sector.
days to go:
Expired
investment:
Withheld
Investly are an invoice financing marketplace that help European businesses finance their invoices by bringing them the best price from multiple providers. In 2 years they have financed just over £18m worth of invoices.
days to go:
Expired
investment:
£679,085
Earth Broadband stands out as one of the UK's pioneering green broadband providers, revolutionizing the way people use broadband services for environmental good. Founded by Luke Chapman in 2022 after witnessing climate change effects in Indonesia, the company aims to reshape broadband services, offering wildlife-themed packages and facilitating monthly contributions to planet-saving initiatives. Using innovative AI technology, Earth Broadband enhances customer service while empowering users to contribute to environmental causes by planting trees and removing ocean plastic through their app. The company's strategy focuses on achieving large-scale impact with a small, efficient team, aiming to revolutionize broadband provision.
days to go:
Expired
investment:
£308,580
