Company: Monspire
Founder(s): Simon Draper
Website: http://www.monspire.com
Description: Monspire is on a mission to become the global cashflow management platform for small businesses, powered by AI. Monspire is hyper-inclusive, affordable and credible, providing business owners with a real-time overview of their company’s cashflow, empowering them to grow with confidence.
About Monspire
Business financing is complex. Your business may be worth a high valuation and have an incredible upward trajectory with great annual revenue, and yet you could easily find yourself lacking the available funds needed to scale, or even to keep day-to-day operations.
Access to financing is a huge barrier for smaller businesses, resulting in a lack of innovation and growth. Audited accounts required for assessing financing are not always maintained. Time-consuming processes often result in low approval rates. This requires management overhead but comes with a fear of rejection.
It’s just not easy.
Monspire is on a mission to become the global cashflow management platform for small businesses, powered by AI. Monspire is hyper-inclusive, affordable and credible, providing business owners with a real-time overview of their company’s cashflow, empowering them to grow with confidence.
In 6 clicks their SaaS product allows companies to automate their cash forecasting and monitoring.
In 10 minutes their funding tool enables companies to see what funding is available to them in real time.
They started building in June 2020, during the depths of lockdown which presented a lot of challenges with ideation phase of the business.
Plans for this year include growing 10% each month and in terms of notable achievements – they launched 2 of the 3 product lines in June to help with this growth plan.
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