Tuza, a London, UK-based provider of a comparison site for business card payments, raised £4M in Seed funding.
The round was led by Connect Ventures with participation from Northzone, Triple Point and Entrepreneur First.
The company intends to use the funds to accelerate its growth, targeting the goal of reaching 100,000 merchants on the platform, expand the team, as well as further technical development.
Led by CEO Ed Hardy and CTO Olivia Stannah, Tuza provides SMBs with a price comparison service for business card payments, enabling 1.5 million SMBs to compare rates from top payment providers.
This round of funding followed on from pre-seed funding of £1.5M in June 2023, which saw participation from angel investors, including Charlie Songhurst, Chris Adelsbach, and Freddy Kelly, the mind behind CreditKudos (acquired by Apple) and TinyVC among others.
Commenting on the news, Ed Hardy said: “Our latest round of investment underscores the urgency of our mission. Businesses shouldn’t bear high costs due to a lack of understanding about where or how to find better deals. Our platform provides instant, transparent access to the best solutions for each business. It not only saves time, but also introduces a level of pricing fairness previously unseen in the industry.”
FinSMEs
02/05/2024