Three UK-based fintech start-ups – Apron, Vega, and Mintago – secure funding for their respective ventures.
Facts
- Apron, a fintech start-up specializing in invoice processing for small businesses, secures $15 million in Series A funding led by Index Ventures, with participation from Bessemer Venture Partners and Visionaries Club. Founded by Bogdan Uzbekov in 2021, Apron is rapidly processing millions of pounds in transactions for hundreds of clients. Their platform offers quick invoice management, multiple supplier payments, approvals, and automatic reconciliation, with plans for expansion and new features in 2024.
- Vega, a new wealthtech start-up, emerges from stealth with over $8 million in equity investment. Motive Ventures leads the funding, with involvement from Picus Capital, Citi Ventures, No Label Ventures, GFC, and 60+ financial experts. Vega offers high net-worth individuals and advisors a platform for managing wealth, combining diversified portfolios and private market investments alongside public asset classes. They also plan to provide liquidity and financial planning solutions.
- Financial wellbeing start-up Mintago, regulated by the UK’s FCA, closes a $4.75 million equity funding round. BlackLion Ventures is the lead investor, contributing $3.75 million, with support from Love Ventures and Cur8 Capital. Mintago’s platform helps employees with financial needs such as pension management and locating lost pension pots. They offer free access to financial advisors, debt counseling, savings tools, and unbiased financial education programs. The funding will be used to enhance technology and expand the sales and marketing team for client base growth.
