A money transfer service allowing customers to send money worldwide at a lower cost compared to traditional methods. TransferGo has been gaining 1,000 customers a day since May 2018 and currently has over 700,000 users. They have processed almost £781m on their platform through 1.3m transactions and operate on a gross profit margin of 6.7%.
TransferGo has 5 offices located in London, Berlin, Istanbul, Warsaw and Vilnius, with more than 100 employees globally. The company recently launched their new product, dubbed 'NOW', that enables users to send and receive monies in less than 30 minutes across borders.
Revenue is generated via fixed transfer fees and currency conversion fees ranging from 0.0% to 2.2% per transaction. These fees are dependent on the currency's origin and the amount being transferred. A free option is available to customers whose transaction may take a couple of days to transfer.
Funds are being raised to expand the business into emerging markets and introduce new products and services. This also means that TransferGo is aiming to provide local-language support and build new partnerships to attract more customers to their platform.
days to go:
Expired
investment:
£11,297,362
Avida Global (AG) is a Business-to-Business (B2B) producer of high-quality medicinal cannabis oils and derivatives for the global medical, well-being and cosmeceutical markets. The company has a cultivation and processing facility in North-East Colombia. It asserts that the therapeutic properties of the cannabis plant has driven 53 countries to legalise its use, with more to follow. AG seeks to capture this demand and become a contender in the medicinal cannabis market that is expected to soar from $33.1 billion to $84.0 billion by 2028. The company has received regulatory approvals for initial non-psychoactive cannabis cultivation, manufacturing, and export licences in 2019. It is working on a partnership with a medicinal cannabis prescriber through doctors and clinics for the supply of medicinal cannabis strains in the UK. The company will use 40% of the investment to drive revenue growth, 25% as capital expenses, and 35% as additional operating expenses.
days to go:
Expired
investment:
£1,646,249
AVATR is an AI mobile application designed to deliver social, economic and health benefits. It enables patients to create a digital profile for themselves and share it with their doctor to avail convenient medical care outside of the hospitals. AVATR is negotiating a collaboration agreement in Brazil with Incor Heart Institute and Albert Einstein Institute at the Hospital das Clínicas da Universidade de São Paulo. Moreover, it has been featured in Forbes and has earned recognition in Europe, South America and Asia. With the funds raised, AVATR is planning to be introduced to a number of paying patients in Singapore within the first quarters of 2019.
days to go:
Expired
investment:
£279,821
Founded by entrepreneurs, Oliver Hutley (COO) and Rory Chichester (CEO), TECS Group is an expert provider of technology. TECS Group delivers non-discretionary critical services, such as Electrical Testing and Treatment, Gas Safety, and Fire Safety, on behalf of customers. These services are covered by strict legislation & regulation. Following a constant period of investment into developing a scalable and a solid operating platform, the TECS Group is embarking on its subsequent stage of growth. With the proceeds, the company will deliver and successfully implement its technology strategy, successfully drive for organic sales, increase the national coverage, and continue its final program.
days to go:
Expired
investment:
£96,770
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
Scooterson is a kick-scooter that has been made intelligent. By the use of cloud and smartphone technology, the scooter is designed to enhance the rider's experience by learning the rider's habits and predict likely destinations.
days to go:
Expired
investment:
£4,880
Moley Robotics have created the Moley Robotic Kitchen which is a fusion of cutting edge technology and human expertise. The Moley Robotic Kitchen has been designed to fit into a regular kitchen, cost roughly the same price as a regular kitchen and can cook any dish from anywhere.
days to go:
Expired
investment:
£919,980
The Face Recognition Company (FRC) produces 90%+ accurate face recognition solution. In 2016, the company came up with the objective to develop the most accurate and cost-effective facial recognition solution. This technology is suitable for commercial applications or crime and other security uses. Additionally, the FRC's go-to-market strategy incorporates working through large integrators/partners/approved installers, eight of which are ready to promote and install its product to their own customer base. The FRC team has technically developed this solution by combining 100 years of experience in facial recognition. In June 2018, FRC had filed for two patents: first, ‘Recognition of 3D Objects’ and second, 'Method of and System for Recognising a Human Face’. Where suitable, FRC has also set-up an EIS tax relief.
days to go:
Expired
investment:
£215,600
Hiro is an insurance technology company aiming to be a contender in the $6.9 trillion insurance industry. The company claims that conventional home insurance does nothing until the damage is already done. Hiro aims to change this scenario. It gives users access to smart technology to protect their property and rewards them accordingly by giving discounts on their insurance quote. The company has signed partnerships with 30+ leading device manufacturers towards this objective for example, Honeywell Home, Philips, and Lightwave, to name few. Hiro asserts that its platform, mobile apps, feature sets, and designs have been validated through an intensive insider's programme. Hiro is approved by the Financial Conduct Authority (FCA). The company has featured in publications like Forbes, the Guardian and the Evening Standard. Hiro will use the investment to develop Research and Development (R&D), furnish legal and compliance documents, and boost marketing and operations.
days to go:
Expired
investment:
£2,069,251
GENEROUS APE is an online shopping destination for the style-led conscious shopper. The company asserts that the word 'APE' is an acronym for 'Animal, People and Environment' and is targeted towards sustainable shopping. GENEROUS APE argues that it has completed eight weeks of beta-testing with an average of 450 visitors showing interest in its website and 47.62% being returning customers. The company asserts that the average basket value was £89 with partnerships signed with 80 style-led sustainable brands. GENEROUS APE onboarded 'DHL GO GREEN' as its primary delivery associate and partnered with World Land Trust on the 'Buy an Acre' scheme to facilitate wildlife protection in perpetuity. The company will use the investment for optimising marketing, boost organic growth channels and paid media, improve the consumer experience, and develop a personalised dashboard for each customer.
days to go:
Expired
investment:
£208,525
