Parenting

Web3 banking, a parenting app and freebies all year round in this week’s MaddyMoney!

Web3 banking, a parenting app and freebies all year round in this week's MaddyMoney!

Merge raises £7.55m to bring banking and payments infrastructure to the Web3 economy

Mergea banking and payments platform for crypto and web businesses3, raised £7.55 million in a funding round to develop its API-based banking and payments platform, bridging the gap between fiat and crypto ecosystems.

Merge addresses the difficulty that many businesses in the crypto economy have in being able to access traditional financial services without the high fees and poor features typically associated with such services.

It is estimated that the web economy3 represents $1,000,000 Market Opportunityyet crypto companies continue to be perceived as high risk by tier 1 banks and continue to be underserved by digital payment providers who lack the range of products and services that crypto companies have. cryptography and Web3 need to be able to develop and evolve.

The round was led by Octopus Ventures and included Hashed, Coinbase Ventures, Alameda Research and Ethereal Ventures, alongside angel investors that included some of the biggest names in crypto and traditional finance.

Florence raises £28.5m to revolutionize social care staffing

Florencethe UK-based tech innovator for social care, has raised £28.5m in a Series B funding round which will be used for product expansion to support care in the UK and in international markets, expanding its services beyond care for the elderly.

The Series B round was led by Axa Venture Partners with participation from Roo Capital and existing backers SEEK Investments.

Florence’s free app connects nurses with open shifts, cutting out agency middlemen so shifts are filled directly with the right temporary staff. The app also provides care organizations with intuitive e-learning and rotation tools.

“We believe that everyone should have the care and dignity they deserve,” said Florence co-founder Dr. Charles Armitage. “We see this funding as an investment in solving the problems that our broken system faces on a daily basis, which disproportionately impact the most vulnerable people in our society.

Energy broker set to create 50 jobs after additional £500,000 investment

trooan energy broker which helps businesses reduce their bills, has received additional funding of £500,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia. The Sunderland-based company will use this investment to create around 50 new jobs over the next six months.

Troo, which currently employs more than 50 people, has doubled its turnover every year for the past two years and is on track to do so again next year.

The latest funding round brings the total raised to date by Troo to £1.5m. Launched in 2018 by Andrew and Rachel Richardson with the aim of disrupting the energy broker industry, the company provides full visibility into commission costs, and also provides clients with energy tracking and personalized advice on how to save energy. Troo has a 90% customer retention rate contract to contract.

Parenting app founded by mother-of-two amid lockdown raises over £300,000

Onoco, the data-driven parenting app, has raised over £322,000 through a successful Seedrs crowdfunding campaign. The money will be used to continue rapid growth and development to help more families around the world on their parenting journey.

Launched in 2020 during the coronavirus pandemic by mother-of-two Margaret Zablocka, Onoco was inspired by her experience of early motherhood and the lack of clear and concise digital support available in the market.

Commenting on the success of the fundraiser, Margaret said: “Launching a new business and product during lockdown while juggling two young children was no small feat, but as soon as I saw how Although today’s market for parenting technologies was fragmented, I knew there was room to make a real difference – and the positive feedback we regularly receive from families attests to this. It’s fantastic to now see so many investors share this belief and commit to taking Onoco to the next level, helping even more families stay calm, connected and confident through those early years of parenthood.

London-based high-end gift market The Go-To secures £500,000 in pre-seed funding

The appointment raised £500,000 in pre-seed funding to help it in its efforts to redefine giving as a year-round opportunity deserving of its own dedicated platform.

Launched at the end of March 2022, The Go-To offers a unique solution to identify personal and organized gifts based on the recipients’ lifestyle and interests. Their mission is to provide independent brands and consumers with a consolidated online platform for unique luxury gifts.

The Go-To challenges the traditional model by shifting focus away from key trading days, such as Christmas and Valentine’s Day, to create a year-round destination by focusing on the detail and thought that goes into choosing of a meaningful gift.

In other international investing news

ZeroNorth Secures Over $50M in Series B Investment

technology company Zero North announced that it has raised over $50 million in investments in its recently concluded Series B investment round.

The Series B investment, in addition to support from PSG Equity, will help accelerate ZeroNorth’s growth over the next few years, allowing it to continue to invest in product innovation, expand its customer-facing teams and pursue mergers and acquisitions to add data, products and services. to the ZeroNorth platform.

The investment will also help enable ZeroNorth to continue accelerating the green transition of global commerce by reducing CO2 emissions in immediate shipping, deepening the insights generated by its platform, connecting more players while along the supply chain and transforming data. into actions that can underpin value-driving decision-making. To demonstrate this impact, ZeroNorth is on track to help reduce CO2 emissions by more than half a million metric tons in 2022, down from 218,000 tons in 2021.

Matchly, the US fintech platform that gives employees access to their employer 401(k) correspondence, raises $1.7m pre-seed

Pairingthe US fintech platform that gives employees access to their employer 401(k) match, has raised $1.7 million to launch its platform, accelerate customer acquisition and perform a number of number of key hires within its team.

The oversubscribed round was led by Bling Capital, with participation from Operator Partners, Amara VC and notable angel investors. The investment demonstrates the real need to account for the billions of dollars in 401(k) employer matches that go unclaimed each year.

Matchly was founded in 2021 by Ravi Kurani, a former investor in fintech companies, and Ben Avner, an experienced software engineer. It addresses a common problem in the American workforce, in which employees fail to access and maximize their employer 401(k) match, often driven by an inability to make the contributions necessary to obtain the match, a lack of awareness, or both.