Fintech startup Anna Money has secured £8.5m investment from futures tech company Kinetik.
Launched last year, Anna Money offers a current account, banking debit card and digital admin assistant for small businesses.
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Currently, the app is used by more than 3,500 customers.
Anna Money funding:
The funding will be used by the company to develop and launch new tools and help the customers to prepare for HM Revenue & Customs’ upcoming Making Tax Digital scheme.
Commenting on the investment, Kinetik director Anthony Julius was quoted by the media sources as saying: “We collaborate with the businesses that share our values and want to bring life-changing products into the world.
“Anna is very different from typical fintech startups and it’s been created by brave and progressive entrepreneurs. So we’re excited to partner Anna and contribute to its future expansion.”
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By GlobalDataThe services of Anna are open for all UK residents who are traders, directors and partners of businesses.
It enables people to setup a business account in 10 minutes, with the debit card issued on the same day.
The customers are entitled for free ATM withdrawals across the UK, block debit card through the app and receive real-time updates on every transaction.
