London fintech Monspire, which helps small businesses predict cashflow needs, has raised £600K funding in a round led by Fuel Ventures ?? . With the fresh funds, Monspire will launch its AI-powered platform to the market and rapidly onboard new businesses. The company aim become the global cashflow management platform for small businesses, empowering small business owners to grow their businesses with confidence. Ben Gillen, Founder, commented: “Most business owners don’t start their own firm with a desire to spend their time running a finance function. As our study found, it actually distracts them from building their business. With Monspire, we want to give business owners the confidence to grow knowing that their finances are taken care of.” Tom Hibbard at Fuel Ventures, commented: “We are excited to help accelerate the growth of Monspire, a purpose-driven company seeking to solve a tangible problem for small businesses, who form the backbone of the UK economy. Ben and Simon have a proven track record of scaling successful tech firms and we are excited for the product to launch to market.” Read the full Tech Funding News article through the link in the comments below. ?? #fintech #fintechnews #donedeal #funding #fundinground #investors #financialtechnology #financialservices
Link to full article: https://techfundingnews.com/monspire-that-fills-funding-gaps-raises-600k-for-its-ai-powered-cashflow-management-platform/ Link to my newsletter: https://marcelvanoost.com/newsletter