Incuto
Latest round
- Seed
Last raised
- Jun 2019
Total raised
- $0.1M
Investors
- 2
About Incuto
Founded in 2016 in Bradford, UK, Incuto Limited offers a unique platform that facilitates connections between affordable finance providers such as credit unions and their potential customers.Incuto provides a cloud-based technology platform designed to connect affordable finance providers, such as credit unions and community lenders, to a broader audience. The platform enhances customer experience by enabling faster online applications, improving communication and engagement, and automating back-end processes. Key offerings include services such as Faster Payments, Direct Debits, and a Benefits Checker, which facilitate a seamless lending process for both lenders and their members. By integrating marketing and operational messages directly with member databases, Incuto allows lenders to personalize communications and manage campaigns effectively.Incuto operates on a charge-per-transaction revenue model, where clients incur costs based on the number of transactions processed through its platform, rather than through traditional licensing fees or subscriptions. This model minimizes barriers to entry for community lenders and credit unions seeking to leverage digital tools to enhance their offerings. For example, a credit union utilizing Incuto’s services would pay a fixed, low cost for each transaction processed, which includes services like automated member communications and onboarding processes. The company plans to enhance its platform with new products designed to increase operational efficiency for lenders and expand its service offerings. Additionally, Incuto is looking to enter new geographical markets to broaden its impact and accessibility. Specific regions for expansion are currently being targeted, with plans to implement these strategies in the coming years.
Who invested in Incuto
2 investors across 3 rounds
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Questions about Incuto
Who invested in Incuto?
Incuto has 2 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Incuto raised?
Incuto has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Incuto last raise money?
Incuto's most recent round on record is a Seed, in Jun 2019.
What does Incuto do?
Founded in 2016 in Bradford, UK, Incuto Limited offers a unique platform that facilitates connections between affordable finance providers such as credit unions and their potential customers.
Where is Incuto headquartered?
Incuto is headquartered in Bradford, UK.
Which VCs invest in companies like Incuto?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Incuto's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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