HedgeFlows Launches UK-based Fintech Platform for SMEs with £2m Fundraise #
HedgeFlows, a UK-based fintech platform that offers small and medium-sized enterprises (SMEs) with a solution for managing foreign payments, cashflows, and invoices, has raised £2 million in its latest funding round. The round was led by unnamed investors and brings the total capital raised by the company to £4 million.
HedgeFlows is licensed and regulated by the UK Financial Conduct Authority (FCA) and aims to help SMEs manage international trade and payments, which have historically been underserved by larger financial institutions.
According to the company’s founders, “SMEs are the lifeblood of the economy, yet so many of these innovative and ambitious businesses struggle to expand into international markets due to a lack of resources. Our platform will change all that, giving fast-growing companies a one-stop solution for accelerating international trade and payments, allowing them to reach their full potential.”
HedgeFlows' fintech platform offers a single point of access to a range of foreign exchange, payments, and cash management services. The platform includes features such as foreign exchange rate comparisons, instant payments, and automatic invoice matching, which can significantly reduce the time and effort required for international business transactions.
The funding round comes as the UK government continues to emphasise the importance of supporting SMEs and promoting the country’s fintech sector. HedgeFlows' platform is expected to help accelerate growth for UK SMEs by simplifying the process of expanding into international markets.
HedgeFlows plans to use the new funding to expand its team and further develop its platform, with a focus on improving the user experience and increasing its range of services. The company is optimistic about its future growth potential, with plans to expand into new markets and provide SMEs around the world with access to its innovative fintech solutions.