Money Squirrel, a fintech startup, has unveiled an open-banking-powered app aimed at helping UK businesses manage their cash flow effectively. The platform leverages innovative technology to automate savings, VAT calculations, and fund allocation.
Platform Features
- Open Banking Integration: Enables automatic sweeping of money into interest-earning savings accounts.
- Future Obligations Management: Helps businesses reserve funds for upcoming expenses.
- Automated VAT Calculations: Simplifies tax planning by allocating funds automatically for VAT.
- Efficiency for Founders: Reduces the time spent budgeting and tracking cash flow.
CEO’s Vision
- Andreea Daly, Money Squirrel’s CEO, created the app after experiencing challenges managing cash flow as a founder.
- Daly says:
“I created Money Squirrel to take that worry off the table, freeing founders to focus on growing their businesses.”
Backing and Recognition
- Shift Open Finance Community: Money Squirrel is a member of this initiative.
- Ignite Programme: The startup was the sole recipient of backing from Ignite, Shift’s program to support promising startups in the fintech space.