MonetaFlex
Company that assists suppliers, buyers and investors by providing ways to better capital strategies.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | £170k | Seed | |
| Total Funding | 000k | ||
MonetaFlex was a financial technology company founded in 2014 by Simba Chiguma and Michael Eagleton, headquartered in London, United Kingdom. The firm operated as a peer-to-peer invoice financing platform, designed to address liquidity challenges for businesses.
The core of MonetaFlex's business was a platform where companies could sell their unpaid invoices at a discount to investors. This provided immediate working capital to the businesses. Concurrently, the platform allowed investors to fund these invoices and earn returns on their investment. It also catered to buyers, enabling them to pay their suppliers ahead of schedule to benefit from early payment discounts. The company's revenue model was likely based on fees charged for transactions facilitated through its platform.
The company successfully raised capital to support its operations. In August 2015, MonetaFlex secured £169,270 through an equity crowdfunding campaign on the Crowdcube platform, attracting 133 investors. Another seed funding round in September 2015 brought in $257,000. Despite these early milestones, the company ceased operations. Records indicate that MonetaFlex was officially dissolved, and by December 2016, the company entered into liquidation. Keywords: MonetaFlex, invoice financing, peer-to-peer lending, P2P finance, working capital solutions, trade finance, supply chain finance, fintech, London startup, Simba Chiguma, Michael Eagleton, Crowdcube, invoice discounting, asset financing, small business finance, SME funding, alternative finance, deadpooled, liquidated company, financial software