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Technology

Sweep

Status: Extended

Nov 16th 2020 - Dec 26th 2020

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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days to go: Extended investment: £1,014,708

Log in to view amount pledged

    Log in to view target

    £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%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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