Monspire, a London, UK-based cashflow management SaaS platform, powered by AI, raised £600,000 in a funding round led by Fuel Ventures.
The company intends to use the funds to launch to market and rapidly onboard new businesses.
Company: Monspire Ltd.
Funding Month: April 2022
Lead Investors: Fuel Ventures
Company Website: https://monspire.com/
Software Category: Cashflow Management SaaS platform
About the Company: Founded by serial tech entrepreneurs Simon Draper and Ben Gillen, Monspire provides a platform that enables small businesses to predict their cashflow needs through its forecasting tool, empowering them to spot funding gaps, while providing access to invoice financing to help plug gaps. The company has also joined AWS’ Startup Loft Accelerator, an equity-free program supporting early-stage startups in Europe, the Middle East, and Africa with technology, product development, and go-to-market advice.