Millennials are more apprehensive about getting any type of insurance than previous generations. As more and more millennials forgo homeownership, they are exposing themselves to financial risk when they choose not to secure renters’ insurance for their possessions while renting. Urban Jungle is a digital-first rental insurance platform that offers fast, flexible and affordable insurance options that start at just £5/mo. Targeted towards younger consumers interested in preparing for their financial future, the company was able to double its customer base to 40,000 during the pandemic with plans to expand its offering. AlleyWatch caught up with CEO and Cofounder Jimmy Williams to learn more about Urban’s Jungle experience building traction during the pandemic, strategic growth plans, and latest round of funding from investors that include Mundi Ventures and Eka Ventures.
Self-employed workers tend to sporadic income streams and managing cash flow is critical. With the advent of Open Banking, there are new opportunities to help these individuals optimize their balance sheets. Osu is a payment app built for the needs of the self-employed. The app lets businesses collect instant payments, invoice, and generate payment reminders all without any transaction fees. The company only charges a simple, flat monthly fee without the need for any hardware; Osu’s platform is able to collect payments via SMS. London TechWatch caught up with CEO and Cofounder Noam Nevo to learn more about the opportunity to support self-employed individuals with automation and smart solutions, the company’s future plans, and recent round of funding from investors that include Creandum, Ada Ventures, Charles Delingpole, Will Neale, and Michael Pennington.
Small businesses spend an average of 120 working days per year on administrative tasks. To help alleviate the accounting portion of this burden, most modern accounting software integrates directly with your bank thanks to open banking protocols. Countingup takes it one step further. It’s a business current account with an integrated tax management and accounting platform so that small businesses can manage and plan their finances in one app, simplifying both bookkeeping and taxes. London TechWatch caught up with CEO, repeat entrepreneur, and Founder Tim Fouracre (Founded Clear Books) to learn more about the company’s traction, future plans, and latest funding round from investors that include Framework Venture Partners, Gresham House Ventures, and Sage.
The pandemic has pushed countless industries towards the rapid adoption of technology to survive in a contactless world and non-profits are no different. Traditional methods for fundraising have largely been impacted by COVID-19 restrictions and lockdowns. TapSimple is a digital payment and infrastructure platform that enables charities to these new realities by equipping them with a robust set of tools to manage their fundraising efforts. Charities can leverage contactless solutions, host video giving events, build landing pages, sell tickets, and generate QR codes seamlessly from the platform. At a time when things are so difficult for so many, TapSimple is empowering the organizations that are helping the most vulnerable. London TechWatch caught up with Cofounder Alex Coleridge to learn more about how the team’s work to help homelessness in London inspired the business, the company’s expansion plans, and latest round of funding from investors that include Ecclesiastical, Lord Michael Spencer, Lord Mervyn Davies, Dominic Burke, Anthony Bolton, and Sir Martyn Lewis.
$990B worth of food is wasted every year and 14% of that occurs in transit. 45% of all food wasted consists of fruits and vegetables. Much of this wastage is due to problems with shipping. OPTIMIZ, founded by Kingsly Kwalar Kongnyuh, is a cargo claims management platform built for cargo owners, shipping lines, and insurers.
Global money laundering is 2 – 5% of global GDP annually or $800B – $2T. Charles Delingpole built ComplyAdvantage, the dynamic global risk database of people and companies, to evaluate the risk of who you’re doing business with. Through the use of the machine-learning powered solution that integrates with existing workflows, financial institutions are able to meet regulatory compliance requirements and manage risk obligations. Delingpole walks us through the inspiration for the company, how it reduces financial crimes, and the company’s recent funding round from investors that include Ontario Teachers’ Pension Plan, Index Ventures, and Balderton Capital.
Ideally, we’d all like to save more and spend less. In reality, that’s not as easy as it sounds. However, Plum is an automated personal finance saving assistant and app that analyzes your finances by connecting to your bank accounts and setting aside an amount that you can comfortably set aside. These savings can then be invested in themed funds or even earn interest through the app. CEO and Cofounder Victor Trokoudes shares more on the popular app that is soon expanding to Ireland, France, and Spain, the app’s thoughtful automated features for savings that work, and the company’s latest round of funding from investors that include Global Brain Corporation, European Bank for Reconstruction and Development, VentureFriend, and the UK government’s Future Fund.
Relative to previous generations, millennials are much more reluctant to purchase any type of insurance, specifically home or rental insurance. One of the reasons for this is the perceived high cost versus value received. Urban Jungle changes that by providing flexible, monthly rental insurance subscriptions that are easy to buy and manage – all done […]
The cost of your dream vacation can easily get expensive especially when you have to lay out all of the costs upfront. Fly Now Pay Later, just like the name suggests, offers flexible payment solutions that can allow you to spread out your travel costs over twelve months. CEO and Founder Jasper Dykes chats with us about the company’s impressive growth, expansion plans, and recent funding round, which brings the total funding raises to $77.4M.
Snoop is the fintech app that’s helping people save money by giving them tips, or “snoops”, like switching from your current energy supplier could lower your energy bar by x percent. Cofounder Scott Mowbray shares the details on how Snoop is saving users serious money.