Sweep is an expense management tool that relies on Open Banking and helps Small and Medium Enterprises (SMEs) automate highly manual and time-intensive processes to cut costs and increase productivity. The company argues that Covid-19 has necessitated the use of automation and remote work. Sweep asserts that its technology can automate expense management flow from capture to expense report while detecting fraud in real-time. The company has raised more than £400,000 to date. It recently won a £456,000 grant from Innovate UK in August 2020. Sweep will use the investment to improve its current tools while developing new features, launch in other European markets like France, Germany, Italy, and Spain, and grow its business across different verticals.
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£1,125,000
pre-money valuation
10.00%
equity available
115
investors
£1,125
pledge per investor
10648989
company number
Active
company status
02/03/2017
incorporated 7 years
Previous Funding rounds
30 Apr 24 | Seedrs | £129,350 / 103% |
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