Precursive's web and mobile application helps customers to manage their resources more efficiently. Precursive does this by helping employers to schedule and plan all of their employees who are working on client chargable work.
days to go:
Expired
investment:
£250,000
A FCA-authorised and regulated digital credit card on smartphones, for those with modern and busy lifestyles. Jaja aims to offer a fair and transparent banking service that gives consumers greater confidence, control and freedom over their finances. The company has tested their app and card with Visa and has partnered with Asda to offer online credit instantly.
Jaja's business model allows revenue to be generated via interest payments from revolving lines of credit. Two products will be offered to consumers; the Jaja Credit Card and Jaja Pay. Both will be suitable for B2B and B2C operations.
Investments will be used to launch a beta round for 5,000 users to build a community before the products are publicly released. In addition, Jaja intends to expand its customer service team and produce marketing campaigns for their business.
days to go:
Expired
investment:
£4,957,534
Elfin Market aims to revolutionize the credit card industry by making credit cards more affordable, fair, and straightforward. They launched the Elfin Card, offering flexible credit that is 50% cheaper than the average credit card, featuring transparent pricing and state-of-the-art iOS and Android apps for real-time account management. The company operates on a flat servicing fee of 2.5% before transferring interest from borrowers to lenders, providing a simpler and more cost-effective credit solution.
days to go:
Expired
investment:
£1,390,059
CrowdProperty is a financial intermediation company that provides a P2P lending platform which facilitates loans between private individuals and UK professional property businesses. CrowdProperty believes in complete transparency and follows the principles and guidance of the Peer-To-Peer Finance Association (P2PFA). It is the only property development platform member of the P2PFA and the only to be Brismo (the leading provider of standardised loan performance data) verified. CrowdProperty has also financed the construction of over 500 Great British Homes, worth over £80,000,000 by lending over £30,000,000. CrowdProperty aims to secure the first place for strong first-charge secured returns for lenders and project finance direct to SME property professionals.
days to go:
Expired
investment:
£1,098,832
Airclaim provides a platform for air passangers that have experienced delays or cancellations to claim compensation based upon length of flight.
days to go:
Expired
investment:
£38,020
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
DMALINK aims to create a transparent and accessible currency market for banks, funds, and corporations. The company asserts that the Foreign Exchange (FX) market is the world's largest and most liquid financial market, recording an average daily trading volume of $6.6 Trillion but is fraught with imperfect price movements. DMALINK aims to address this situation. Its portal utilises big data and analytics solutions to enable users to make better trading decisions. It also offers users access to 63 currency pair combinations. DMALINK also points out that its clients have chosen its services over 316,000 times with the company witnessing an average deal size of $585,000 and earning revenue worth $3,140,000. The company has featured in Business Insider, Yahoo Finance, and FX Markets to name a few. DMALINK will use 60% of the investment on salaries for existing and new team members allowing global growth, 20% towards marketing and sales efforts, and 20% towards technology expansion.
days to go:
Expired
investment:
£425,903
Project Imagine (PI) is a startup focused on financial equitability for all. The company aims to build a financial service that doesn’t profit from short term unsecured debt, but one that grows with its customers and does everything it can to help them achieve their financial dreams. PI launched a current account, smart budgeting, saving tools and access to investment products from the likes of Blackrock and Vanguard in January 2019 in the UK consumer market. It has raised over £18 million to date. The company was named one of the UK’s 'Top 10 Best Banking Apps' by finder.com and recognised alongside Samsung and Apple in the technology section of the Global Brand Awards as the 'Best Innovation in Fintech'. It will use the investment to become the go-to platform for managing a user's money, bring together diverse fintech innovation from around the world into one common standard, and retain the most driven execution talent to boost company profits.
days to go:
Expired
investment:
£2,160,625
MyT is a cloud-powered subscription-based accounting software designed for small businesses that allows them to submit financial information to Her Majesty's Revenue and Customs (HMRC) under the Making Tax Digital initiative, which is mandatory from April 2023. MyT asserts that its app provides businesses with a simple way to keep track of business finances on the go, send and manage invoices and bills, and record expenses and mileage. The company claims that its app is available on App Store and Google Play and has witnessed 1000+ downloads to date. It claims that it has onboarded over 500 users without any extensive marketing spend. MyT will use half of the investment to implement its marketing plan, a third for developing new technology and the remaining for administrative expenses.
days to go:
Expired
investment:
£133,543
The first regulated crowdfunding business in the UK offering investment opportunities in environmental, ethical and social companies. Since 2011, Abundance has funded 34 investments totalling more than £75m, whilst delivering gross returns of 4-15% per year across renewable energy, social housing and sustainability projects. This equates to total interest returns of £12.1m. More than 5,250 investors on the platform have contributed funds almost 5 times on average over various campaigns.
Abundance also offers an IFISA product and as at April 2018, they have 8% of the IFISA market, which equates to over 2,900 ISA customers. The business’s investor's numbers have grown 52% since January 2017 and in the past year their customer portfolio has seen a 30% increase. In the last 3 years, marketing expenditure efficiency has also improved by 76%.
Abundance's services are free-to-use for investors. This means there are no fees for investing or withdrawing funds in opportunities or ISA products. Revenue is generated from borrowers who are seeking to raise finance for their projects. This is in the form of a set-up fee and a regular admin fee per year.
The business is crowdfunding to expand on the types of projects they currently offer, as a means to attract a wider range of investors. In addition, Abundance aims to market the campaigns on the platform through numerous channels and upgrade the technology they currently use to enhance the user experience.
days to go:
Expired
investment:
£1,621,138
