Capitalise in a £10 million funding round backed by Experian et al

Capitalise, a London, UK-based startup providing financial services, announced that it raised a £10 million ($13.8M) funding round.

The money was raised from investors including Experian, QED Investors, Gauss Ventures, Hambro Perks, and Post Finance.

Capitalise, founded in 2015 by Ollie Maitland and Paul Surtees, developed a digital financial platform that allows accountants and their SME clients to access capital with a suite of credit and risk tools. The company's solution is integrated with Experian and embedded within an accounting service and SME balance sheet, in order to allow accountants to protect their SME clients from unforeseen risks of their clients’ and suppliers’ credit positions by warning of potential defaults, it analyses what is available to a business and its propensity or need to borrow, and provides real time access to a curated panel of mainstream and alternative providers.