Utilising open banking know-how, fintech Cash Squirrel has launched its new app to assist corporations take management of their funds.
Cash Squirrel will allow corporations to rework their companies by guaranteeing they by no means miss a cost once more. This will likely be achieved by ‘squirreling away’ cash, and guaranteeing they’re ready for wet days. Moreover, the fintech will automate financial savings for future funds, like VAT, into curiosity accounts, guaranteeing corporations can utilise assets elsewhere in additional demanding areas of the corporate.
“As a founder, I skilled first-hand the frustrations of managing money movement—spending numerous hours calculating VAT and budgeting for future bills,” says Andreea Daly, founder and CEO of Cash Squirrel. “I created the agency to take that fear off the desk, liberating founders to give attention to rising their companies.”
When cash has been put apart for future bills, the fintech will guarantee corporations are incomes excessive rates of interest on mentioned funds.
Assist from SHIFT
Cash Squirrel’s journey has been championed by the SHIFT Open Finance Neighborhood, an influential community of 370 fintech founders and business leaders. By means of its Ignite programme, SHIFT invests in simply two standout companies every year. Following a range course of, Cash Squirrel emerged as the only recipient of Ignite’s backing.
Kyle Masterson, head of SHIFT and co-founder of Ignite praised the enterprise: “Andreea’s imaginative and prescient completely aligns with SHIFT’s mission to maneuver finance ahead. This platform has the potential to empower thousands and thousands of companies to take cost of their funds with confidence.”
