Monspire Raises £600K in Funding

Monspire, a London, UK-based cashflow management SaaS platform, powered by AI, raised £600K in funding. Fuel Ventures was the leader of the round. The company plans to use the funds for rapid launch to market and onboarding new businesses. Monspire was founded by serial entrepreneurs Simon Draper, Ben Gillen and provides a platform for small businesses to forecast their cashflow needs using its forecasting tool. This empowers them to spot funding gaps while also providing invoice financing to fill those gaps. The company has also joined AWS’ Startup Loft Accelerator, an equity-free programme supporting early-stage startups in Europe, Middle East and Africa with technology, product development and go-to-market advice.