Utilising open banking technology, fintech Money Squirrel has launched its new app to help firms take control of their finances.
Money Squirrel will enable firms to transform their businesses by ensuring they never miss a payment again. This will be achieved by ‘squirreling away’ money, and ensuring they are prepared for rainy days. Furthermore, the fintech will automate savings for future payments, like VAT, into interest accounts, ensuring firms can utilise resources elsewhere in more demanding areas of the company.
Andreea Daly, founder and CEO of Money Squirrel
“As a founder, I experienced first-hand the frustrations of managing cash flow—spending countless hours calculating VAT and budgeting for future expenses,” says Andreea Daly, founder and CEO of Money Squirrel. “I created the firm to take that worry off the table, freeing founders to focus on growing their businesses.”
When money has been put aside for future expenses, the fintech will ensure firms are earning high interest rates on said funds.
Support from SHIFT
Money Squirrel’s journey has been championed by the SHIFT Open Finance Community, an influential network of 370 fintech founders and industry leaders. Through its Ignite programme, SHIFT invests in just two standout businesses each year. Following a selection process, Money Squirrel emerged as the sole recipient of Ignite’s backing.
Kyle Masterson, head of SHIFT and co-founder of Ignite praised the venture: “Andreea’s vision perfectly aligns with SHIFT’s mission to move finance forward. This platform has the potential to empower millions of businesses to take charge of their finances with confidence.”
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