Crosspay is a company that aims to make remittance simpler and cheaper. The company built its proprietary system in 2017 to bolster international transfers at a fraction of the money charged by traditional Over-The-Counter (OTC) services. It has since powered over 50,000 transactions across 50 countries with a cumulative value of approx £32,350,000. The company aspires to become the segment leader in the more than $200 billion global remittance market. Crosspay was rated 'Excellent' on Trustpilot. It also created white-labelled apps for charities and churches to host content, broadcast live and receive donations simultaneously, irrespective of location. The company has been invited to partner on an Innovate UK project. It will use the investment to grow its business across different verticals.
days to go:
Expired
investment:
£212,581
TiPJAR is a cashless and contactless tipping platform that allows guests to tip workers in under 8 seconds via their phones, with no app required. TiPJAR's distribution engine empowers staff to control and share their tips and takes the admin burden and risk away from business owners. The company estimates the global tipping market to be worth a combined $100 billion per year, and it aims to be the worlds first multi-currency, scalable solution in this segment. The company's clients include Honest Burger, Yard Sale Pizza, and BrewDog. TiPJAR will use the investment to have live clients by November 2020 and expand across Europe and Australia.
days to go:
Expired
investment:
£699,748
Magnetto intends to challenge the traditional retail business by automating the checkout process and eliminating long queues via its app. The company allows shoppers to scan and pay for goods with their smartphones and skip queues using smart gates. The app also claims to facilitate indoor navigation with product locators and allows users to avail loyalty schemes. Magnetto asserts that the commercial rollout of its app has begun with the company planning to develop fully automated stores for one customer with its hardware partner, Modern Expo. Magnetto was nominated for an award at the London Smart Retail Tech Expo. The company intends to become a contender in the retail automation market that is projected to reach $23.58 billion by 2026. Magnetto aspires to connect fully with retail giants like Amazon and Sainsbury's and help them experience automated retail sales seamlessly. The company state it will use the investment to develop new features, grow its team and acquire more customers.
days to go:
Expired
investment:
£220,431
Lux is a premium alternative that rewards high-spending customers, without devaluing restaurants’ brands. Powered by the latest card-linking technology, LUX offers premium reward schemes that give users up to 10% of their restaurant spend back as luxury rewards. So far, Lux has attracted more than 50 restaurants including JKS & Mews of Mayfair and Browns. Moreover, accountants, banks, law firms and consulting firms have accepted to distribute LUX. The company will use the funds to grow the customer base and the business.
days to go:
Expired
investment:
£241,580
Thyngs is a touch-free instant payment platform for businesses and charities. It has around 20 active re-seller partners for new sectors and markets. The company is working with PricewaterhouseCoopers (PwC) as part of its raise programme and actively engaging with several Series A Venture Capitalist (VC) funds intending to raise £4-5 million in late 2021 to scale its business. Thyngs aggregates various payment partners including PayPal, Worldpay, Apple Pay and Google Pay. The company was the cashless donation platform for 210,000 fundraising events for Macmillan's 'World's Biggest Coffee Morning', which raised £27 million in 2019. Many reputed organisations such as Warner Bros, Royal British Legion, Wasabi, National Geographic, and ANZ Bank are working with Thyngs. The company will use the investment to enhance its marketing campaign, bolster its sales team, work on data security and integrations on its platform, and expand the account management team to boost its business.
days to go:
Expired
investment:
£329,591
Football Fan (FF) aims to become the go-to app for anything Football. FF asserts that Football (Soccer) is a dynamic all year sport with 4+ billion football fans generating business opportunities like merchandising, advertising, ticketing, gaming, travel, streaming, and more. FF believes that these fan bases are diluted on many platforms to meet their daily Football needs. FF aspires to change this by offering a blend of SportsTech with business opportunities supported by fan-engagement features on its app. Fans can connect with other fans or their club, create stories, watch videos, follow live scores, in-game events and statistics, post opinions/reactions, use banter rooms, and more. The app also rewards fans with FanCoins based on their contribution. FF app has witnessed over 22,000 downloads with 1.5 million+ interactions since its launch in June 2020. The company will use the investment to fuel user growth, starting with an initial focus on English Football and its fandom.
days to go:
Expired
investment:
£320,853
Grid Duck (GD) is an intelligent energy control system. It argues that only 14% of commercial buildings have a Building Management System (BMS) that allows them to switch off appliances when they are not needed automatically. GD is trying to bring the remaining 86% of buildings under its network. It has launched a wireless cloud-based system for companies to manage their energy consumption. Companies can check their energy consumption on an easy-to-use dashboard. GD is also evolving its technology into a self-learning system that supports time-of-use tariffs, demand response and renewables balancing. The company won the 2020 Rushlight Energy Reduction Award, and is ISO27001 certified for cybersecurity with regards to 'Penetration Test'. With the investment received, the company will grow its revenues and invest in New Product Development (NPD).
days to go:
Expired
investment:
£339,771
SleepCogni combines a handheld device and a Software as a Service (SaaS) platform to help users wind down by collecting physiological, behavioural and environmental data. The company points out that 1 million people in the UK take sleeping pills for insomnia. SleepCogni intends to change this with its product. It claims that its device receives data from fifteen different sensors, providing detailed insights into a user’s sleep struggle to further assist in clinical intervention, including procedures such as CBT-I (Cognitive Behavioural Therapy for Insomnia). The company's initial target sleep clinics are the UK and the US, with the US sleep clinic market estimated to be worth $9 billion in 2020. SleepCogni has eleven granted and four pending patents in various territories, a trademark on the logo and protection of specific handheld trigger hardware. They state they will use the investment received to commercialise their product.
days to go:
Expired
investment:
£577,270
dooo is an all-inclusive platform that offers on-demand specialised home haircut service to consumers. The company claims that 21% of people reported a disability in the UK in 2018 and 49% of people reported social anxiety or other mental health issues, that prevented them from visiting a salon. dooo wants to change this by helping everyone get the haircut they want, wherever they want and overcome the inequalities in the hair industry. dooo allows users to connect with the stylist beforehand and express any special requests to tailor the experience to their requirements. The company aims to become a contender in the 'Hair & Beauty industry that generated over £8 billion in 2018 in the UK alone. dooo will use the investment to develop native mobile apps on both iOS and Android, boost marketing and PR strategies to further its 'Bristol Launch' in Summer 2021, pay wages to essential staff, and manage administrative tasks.
days to go:
Expired
investment:
£70,850
Numerous is a company that aims to establish a new data-sharing economy by ensuring profits to brands and consumers. On the Numerous app, consumers create a data profile filling in the appropriate information. The Numerous AI technology leverages this consensually-shared personal data to connect the right users to the right brands. It also incentivises its members to share their data by sharing some of the revenue with them that Numerous, in turn, generates from brands. Personal data is worth £30 billion in the UK, and $200 billion in the US. Numerous aims to be a strong contender in this segment. It currently has 1,300 users sharing over 130,000 pieces of data. The company's app is live for iOS and Android. It aims to grow to 50,000 users, 7.5 million pieces of data and 60 brand partners in the next 12 months. It will use the investment to pioneer a new model for the data economy and grow its business.
days to go:
Expired
investment:
£352,502
