Tock is aiming to help buy consumers insurance through data-driven apps. To buy policies online the customer is supposed to answer about 80 questions about their families. FCA has granted authorisation to the company. With the proceeds, the company will recruit the key people, develop the MVP (Minimum Viable Product) and its user interface. The company's home insurance app will be piloted in Q4 2019.
days to go:
Expired
investment:
£256,650
Boring Money is an investment guidance platform that presents users with investment/pension guides & comparison tables to help them make sound investment decisions. The company asserts that 47% of the UK's 16 million investors lack confidence and want clearer communication to make better investment decisions. BM sees itself as the solution to the aforementioned issue and aims to be a market leader in the segment. The company earned £1 million+ in revenue in 2019 and a 4.8/5 rating on Trustpilot. BM's clients include organisations like BlackRock, Barclays, Wealthify and Nutmeg. The company has also featured in publications like The Financial Times, The Times & the BBC. It will use the investment to grow its presence, monetise its website, and help more people make better investment decisions.
days to go:
Expired
investment:
£900,009
The Academy of Robotics have developed Kar-Go, an AI controlled pod-shaped driverless vehicle which autonomously delivers packages to residential areas. By removing the need for humans in the last mile delivery this allows customers to receive deliveries at almost any time, and at a fraction of the traditional cost.
days to go:
Expired
investment:
£291,980
BuffaloGrid aims to join connect people deprived of the benefits of the internet to the world wide web via its 'Hub'. The company asserts that the Hub is a solar-powered device that can charge 10 portable electronic devices simultaneously and provide access to digital services via the BuffaloGrid Cloud. Users can access entertainment, sports, educational and health content via the company-provided Wi-Fi and stream content for free. The company levies a fee for premium users who can download the content, for less than £1 per month, and consume it on the move. BuffaloGrid has received grants from InnovateUk and the European Commission. It will use the investment to deploy Hubs in Bangladesh, start operating in the peri-urban regions of Lagos, Nigeria, and deploy its services across refugee camps in Kenya and Uganda with the help of Techfugees and UN agencies.
days to go:
Expired
investment:
£813,090
TransferGuru is a money transfer comparison site that aims to get the best deal possible for people transfering money abroad. The user simply inputs the amount they want to send and where they want it to go and they will then be shown all the options, displaying the best price, the best ratings and the fastest way to make the transfer.
days to go:
Expired
investment:
£82,593
Nextfin is an FCA approved aggregation and rating portal for equity and debt crowdfunding investments.
AIM is shrinking, legacy stock markets are too expensive to maintain and do not serve the requirements of SMEs, banks are closing branches, lending less and are paying little or no interest to investors. As a result of this, there is a huge growth in equity crowdfunding and P2P lending which has seen the launch of hundreds of alternative lenders & platforms that has created a new c.£3bn marketplace, expanding at 66% p.a. There is no single portal or trusted ratings index for investors to compare on a like for like basis and no secondary market to facilitate exits.
* NextFin is the new trading name of Business Agent Ltd
The solution
NextFin aggregates equity and debt crowdfunding investments to create the alternative finance marketplace. This makes it easy for investors and lenders to find and compare opportunities by presenting all investment offerings in one place. With the addition of a free of charge ratings service investors will be able to view ratings of every equity crowdfunding pitch, every P2P site, and every equity crowdfunding site. NextFin’s technology will constantly track these companies and investments providing the investor real-time intelligence on which to base investment decisions. The platforms and entrepreneurs will be self-promoting and marketing their ratings driving thousands of visitors a month to the NextFin site, in the same way, businesses refer their potential clients to Trip Advisor and Trustpilot. There is an estimated 10 million website/platform visitors per month across the whole of the alternative finance market. NextFin is targeting to direct 5% of this highly profiled traffic to its platform from which it will earn between £5-£8 per click from advertisers and partners. In addition, an in-house brokerage service also earns between 1%-6% commissions on loan placements. A future revenue stream (not featured in the financials) will be developed once visitor traffic reaches critical mass. This will see Nextfin being able to realise the full value of its captured ratings data and visitor traffic by launching a secondary market, which is estimated to be a £5bn marketplace.
NextFin is raising £500k at a pre-money valuation of £2M to: • Develop P2P and Equity site ratings• Expand the management, infrastructure and marketing resource• Increase visitor traffic to 6m a year via rating referrals
Owing to the size of the market and rapid growth of the industry, enterprise valuations in alternative finance are based on visitor traffic, market share and registered users. Recently published valuations of companies with visitor traffic of over 6m per year are in excess of £70m. NextFin is the market-leading aggregator and has first-mover advantage. It has the potential to exceed these valuations because it is the whole of the market aggregator and is currently the only ratings service provider as it grows to achieve 500,000 visitors p.m.
days to go:
Expired
investment:
£274,057
The Pension Lab offers an interative platform for employees and individuals, helping them reconnect and engage with their pensions. Its mission is to provide the customers with better knowledge of pensions and promote long-term financial decision making. The company has reached the finals of 'Pitchfest' competition held at the NEC as a component of “Venturefest”, and it is also a finalist in the “Innovation in Business” category. Some of the best Fintech solutions providers and pension services such as Yodlee and Origo are in partnership with the Pension Lab. With the proceeds, the company will develop its working capital, infrastructure development, and customer acquisition.
days to go:
Expired
investment:
£38,024
Signapse is developing automatic Sign Language Translation using Generative AI, aiming to be the "Google Translate for Sign Language," enabling global companies to be Deaf accessible. They are focusing on creating automatic translation from English to British Sign Language, particularly in the transport market, with AI-powered signed announcements in train stations. With roots in two decades of research, Signapse's technology provides photo-realistic sign language videos for improved accessibility, targeting the 7 million profoundly Deaf people worldwide who often struggle with written English. Their revenue model involves recurring licenses for their sign language generation API server, which has gained traction with UK Train Operating Companies and expanded to the United States.
days to go:
Expired
investment:
£500,000
Solent Automation specialises in developing, deploying and supporting automation robots to perform and tackle common manual labour-intensive tasks in factories. To solve the 'pick-and-place' challenges in an industrial setup, these robots are created with proven reliable components coupled with proprietary software to solve 'pick-and-place' challenges in an industrial environment. Two of the company's noteworthy products are 'SOLPAL 8' and 'SOLPACK 1XP, both are equipped with an all-in-one gripping tool, and can handle 16 boxes per minute and 60 packs per minute, respectively. Backed by a team of experts from manufacturing and robotics, Solent Automation provides on-site installation, training, and remote support for its products. There is also a rent-to-buy option through a 3rd party finance company. With the investment, the company aims at providing more robotic equipment most needed in factories focused on labour-intensive work functions.
days to go:
Expired
investment:
£76,000
An activity centre aggregator allowing customers to easily book adventures through a website or a mobile app. Geronigo has established connections with more than 1800 activity centres in the UK and Ireland that offer 1000s of experiences for people to enjoy. Endorsements include National Archery, Karting Nation and The Big Shoot.
The platform has already been developed and fully funded, with the aim of launching the service in Q4 of 2018. Geronigo are now seeking investment to take the brand globally. The company has already started recruiting activity centres in Australia and are in the planning stage to enter the US market.
days to go:
Expired
investment:
£263,050
