Financial management app Muse reveals £500k funding target
Muse, the financial management app for businesses, has started a Crowdcube campaign to raise £500,000 before the end of this week.
Having launched its app just a few weeks ago, the data-driven software allows businesses to monitor their cashflows in real-time on various dashboards which help bridge anticipated or unexpected cash shortfalls.
Live “by exclusive invitation” only, the forecasting tool is also set to offer banking and credit card integrations soon which are currently in beta testing.
The half a million in funding will “develop sales channels and provide an e-money account card in three currencies” – paving the way for the fintech to offer multi-currency business accounts to small and medium businesses (SMEs).
Complying with the April 2019 ruling which requires every business in the UK that makes over £85,000 to submit their UK tax returns digitally to HM Revenue & Customs, Muse aims to paint “a real-time, easy-to-understand picture” of businesses’ financial situations.
Founded by Ann Marie Juliano, an ex-Credit Suisse director, the fintech says it is designed “by entrepreneurs, for entrepreneurs”.
So far the fintech is just under halfway to target with more than 25 investors and a pre-money valuation of £7 million.