European fintech funding: Claimer, Freetrade, InvestSuite, Ruleguard

This week’s Practical Friday Funding includes four UK and European fintech start-ups – Claimer, Freetrade, InvestSuite and Ruleguard.

Creditor raises 4.2 million dollars

London-based tax claim platform for R&D Claims have raised 4.2 million dollars in a seed funding round led by Project A Ventures.

Moonfire Ventures, helloworld.vc and a group of angel investors, as well as follow-on investors Ben Holmes and TrueSight Ventures participated in the round.

Founded in 2019, Claimer aims to remove “the hassle and expense of claiming R&D assistance by combining technology with human expertise”.

The startup claims over 350 companies as clients who have received “millions of pounds of relief with a 100% success rate”.

Claimer says the funding will allow it to grow in the UK market and expand overseas in the near future.

UK based investment platform Free trade has launched its eighth crowdfunding campaign on Crowdcube from 14 September this year.

Freetrade launches eighth crowdfunding campaign

The latest campaign will allow its 17,000 existing investors to invest in a convertible loan note on the same terms as Freetrade’s institutional investors secured earlier this year.

Earlier this year, in May, Freetrade raised £30m in its latest round of funding from new and existing investors.

The funding will help Freetrade accelerate the release of its new, “highly requested” features, new account types and its European expansion, including the launch in Sweden.

Some of the new features will include a full-stack self-explanatory solution for European markets, FreetradeFX for direct access to institutional FX markets, removal of middlemen, more stocks and renewed subscription plans with new prices.

In its last crowdfunding round in December 2021, the investment app raised £8.8 million from over 7,000 investors on Crowdcube.

European wealth technology startup InvestSuite have raised €6 million in a series A financing round.

InvestSuite raises €6m

Two new investors, Cronos Group and OSOM Finance, participated in the round, along with other new and existing angel investors, and existing investor PMV.

The new investment brings the total capital raised by InvestSuite to €15 million since its inception.

Established in 2018, InvestSuite is a business-to-business (B2B) wealth technology platform that provides automated investment solutions to help financial institutions retain their customers.

“This funding round enables us to execute our growth ambitions, expand our team and bring our unparalleled innovations to financial institutions worldwide,” said Laurent Sorber, CTO and co-founder of InvestSuite.

Over the past two years, the startup has grown to 70 employees with offices in Leuven, London, Warsaw, Amsterdam and Sydney. It claims over 20 clients in 14 countries, primarily in Europe and the Middle East, and is expanding to Asia and North America.

Ruleguard raises £3.5m

London-based Software-as-a-Service (SaaS) technology provider Regular guard have raised 3.5 million pounds in growth equity investments from the Foresight Group.

Established in 2013, Ruleguard is a specialist regulatory compliance platform that enables customers to “navigate the ever-growing challenges of increasing regulatory compliance requirements with less effort and lower risk” and also help them save money on the costs of audit compliance.

The funding, which came from Foresight VCT and Foresight Enterprise VCT, will help regtech develop additional platform features and scale up sales and marketing.