Sweep launches Seedrs campaign to help next phase of growth
by Startacus Admin
Sweep, the expense and travel management platform for SMEs launches a Seedrs fundraising campaign to further develop existing tools and develop new features
News from Sweep, the expense and travel management platform for SMEs which has just launched a Seedrs fundraising campaign as it continues to raise capital during a key stage of the business’ growth.
Sweep is powered by Open Banking technology and provides real time transaction tracking and digital expense categorization, creating reports and analysis with just a few clicks. It automates financial reporting, analyses data and finds new opportunities for savings.
The UK headquartered business aims to raise £200,000 and use The Future Fund to double this to £400,000.
The Future Fund, delivered by the British Business Bank, offers convertible loans ranging from £125,000 to £5m from the government, subject to an equal match funding from private investors.
Sweep’s latest fundraise will both go towards further developing existing tools, as well as developing new features to help UK businesses better manage their finances. Their focus is on automating essential business processes that will help drive efficiency and productivity in a post-COVID economy.
Billel Ridelle, Founder and CEO at Sweep, commented: “We want to continue using the power of Open Banking technology to drive innovation and help SMEs gain better insight, visibility and control over where their money is going. This means not only doubling down on our Sweep Expenses management tool but also developing new products and services that manage bills, invoices, and cashflow.”
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Published on: 9th November 2020
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