Super Payments processes £22.5m
A fintech that plans to eliminate online checkout fees has raised £22.5m in a pre-seed funding round led by Accel. Union Square Ventures, LocalGlobe and high-profile angel investors also participated in the round.
London-based Super Payments, set up by a co-founder of business lender Funding Circle, takes a commission based on sales from merchants instead of charging a payment processing fee. It then splits this commission with the customer in the form of cashback.
Healthy cat food start-up gets paws on £18.2m
KatKin, a London-based start-up aiming to make cat food healthier, has secured €21.6m (£18.2m) in Series A funding. Verlinvest and Perwyn led the round, with previous investor Octopus Ventures and angels participating.
The e-commerce platform allows customers to build their own boxes of freshly cooked, high moisture and grain-free cat food 25 per cent cheaper than existing premium brands.
Cash management platform banks £4m
BankiFi, a provider of embedded banking solutions for SMEs, has secured £4m of additional investment. Praetura Ventures led the round, with Greater Manchester Combined Authority (GMCA) also participating.
The Manchester-based start-up helps banks provide integrated services like invoicing, accounting and payments, in a bid to be more customer-centric.
Online recruitment platform receives £2m
Smart Recruit Online has secured a further £2m from the MEIF Proof of Concept & Early Stage Fund.
The Milton Keynes-based online recruitment platform enables businesses to find and hire staff online while reducing costs. The system can advertise jobs, screen and appoint candidates, claiming an average cost per hire of under £295.
DrinkWell raises a glass with £1m
DrinkWell, a low-calorie alcohol retailer, has secured a £1m investment from a private investor.
DrinkWell brings healthier alternatives to the alcohol market, helping consumers who enjoy drinking, but are concerned about the impact it can have on their health. All its products display dietary information like calories, sugar, ABV (alcohol by volume) and carbohydrates.
Luxury restaurant gets the champagne flowing
Luxury London restaurant Bob Bob Ricard has secured further undisclosed funding from alternative finance lender ThinCats.
Known for pouring more champagne than any other restaurant thanks to its “press for champagne” buttons, as well as its fine dining and luxurious interior design, Bob Bob Ricard offers all-booth dining in Soho, City of London and, in time, Tokyo.
More Deals of the Week
Deals of the Week August 8 to August 12 – a Growth Business round-up
Deals of the Week August 1 to August 5 – a Growth Business round-up
