Posted on February 21, 2019 by staff

FinTech secures £3.5m investment

Technology has secured £3.5 million funding.

The London company has been backed by US FinTech venture capital firm QED Investors in a round supported by existing investor Hambro Perks, as well as Gauss Ventures.

The FCA-regulated financial marketplace for accountants uses data analytics and marketplace access to advise small business clients on growth plans.

Through its online platform, Capitalise works with 105 Institutional partners, providing breadth of market access with competition between potential providers to give SMEs choice they desperately need to avoid unplanned, expensive and ill-informed funding decisions.

“The recent raise will be used to expand our cloud product for advisers to navigate the ever growing market of financial products for SMEs and to embed funding expertise in their firms with Capitalise Pro,” said Ollie Maitland, co-founder and chief product officer at Capitalise.

Investment in data science will power its award-winning credit and health report for businesses, Capitalise Monitor, which was named in the Nesta Open Banking challenge and addresses underlying issues causing problematic cash flow for UK small business owners.

Yusuf Ozdalga, head of QED’s London office, said: “We are very excited to partner with Capitalise in the next stage of their growth story.

“We believe that the accounting and advisor community plays a crucial role in helping the small and medium sized businesses in the UK that are so crucial for a growing and dynamic economy.

“Capitalise’s unique platform helps accountants better serve and help their clients by demystifying and streamlining the funding process, and bolsters their position as trusted advisors.”

George Davies, partner at Hambro Perks, said: “Hambro Perks is proud to continue to support Paul, Ollie and the Capitalise team.

“We have long been believers in their vision of a platform that empowers accountants and SMEs, and gives them access to a broad range of finance options to best meet their needs.

“We are delighted to partner with QED and Gauss in backing Capitalise’s next stage of growth.”