Thursday, April 18, 2024
HomeFunding TABBit Secures £320,000 Investment to Help Friends Manage Their Shared Expenses

[Funding alert] TABBit Secures £320,000 Investment to Help Friends Manage Their Shared Expenses

TABBit Secures £320,000 Investment to focus on growth and further product development. The investment has been led by the European super-angel fund Angel Invest.

TABBit Secures £320,000 Investment to focus on growth and further product development. The investment has been led by the European super-angel fund Angel Invest.

Fintech industry veterans such as Dr Andrew Buckley (previously GM Prepaid Fintech at Mastercard) and James Sherwin-Smith (ex-GM, Real-Time Payments at Mastercard) have joined the round to equally support the early stage startup.

It enables groups and individuals to manage expenses and request money back from their friends and family without needing to download a separate application. By integrating directly with UK banks, powered by secure Open Banking APIs, TABBit’s technology allows users to share requests and make payments via existing consumer banking apps.

Read also – Ankara-based Rototip Raises €1Million in Funding

Boy-Anthony Kuhne, CEO of TABBit said “During my tenure at Mastercard I experienced time and again the challenges presented by the fragmented banking landscape in the UK. When I discovered there was no easy solution available, I set out to create one myself, removing the challenges that UK consumers currently face when requesting payments from friends that bank with a different provider.”

On their investment in TABBit, Angel Invest commented: “We are always on the lookout for groundbreaking technologies that are disrupting traditional markets. TABBit’s innovative approach to simplifying financial transactions makes them a perfect addition to our portfolio. We are eager to support them in their journey to reshape the financial landscape.”

With this investment, TABBit plans to expand its capabilities and reach, further simplifying and enhancing the payment experience for customers across the UK and beyond. TABBit’s strategy is to unify the user experience and enable seamless interoperability between banks.

About Angel Invest

Angel Invest is one of Europe’s largest Angel Fund’s, focused on empowering startups with the potential to create lasting impacts in their industries. With a keen eye for innovation and a dedication to nurturing entrepreneurial talent, Angel Invest has become a cornerstone in the venture capital community.

About TABBit

TABBit, a product of London-based TABBx Ltd, is revolutionising the way people manage group expenses and personal payments. With its user-friendly interface and secure technology, it offers a hassle-free solution for sharing costs, whether it’s for dinners, getaways, or everyday expenses.

Read also – Paris-based Bolero Secures €2 Million in Seed Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular