Osu, a London, UK-based provider of a payment app for UK’s self-employed, closed a £2.25m seed funding round.
The round was led by Creandum plus Ada Ventures, Breega and angel investors including Charles Delingpole, Will Neale and Michael Pennington.
The company intends to use the funds to expand its business reach and reach 10,000 customers this year, to introduce a host of new business management features over the coming months to further simplify operations for the self-employed – including direct communication with customers, calendar integrations, booking and scheduling, and the creation of mini-sites to help users generate an online presence, activate a series of digital and offline marketing campaigns and bolster the team with new hires.
Launched in 2020 by co-founders Noam Nevo, Daniel Scott and Alon Zion, Osu provides an app for the self-employed to manage and grow their business via instant payments, modern professional invoicing, and automated payment reminders.
Users can sign up to Osu and get started, send a payment request by entering their customer’s name, phone number, and the amount owed. The customer receives an SMS and pays by clicking a link, selecting their bank, and then approving the payment instantly within their own banking app.
Since launching, the company has worked with more than 1,000 self-employed professionals.