The Venture Codex

Led · Equity · Oct 2021

Tenn Capital offers short-term loans secured against UK and select international residential real estate, targeting high-net-worth borrowers and complex transactions. It provides short-term loans from £1 million up to £20 million and focuses on high-value loans and complicated lending scenarios. The firm operates in the UK, offshore and select international locations and emphasizes speed of liquidity for borrowers responding to problems or opportunities. Tenn Capital was founded in 2021 by Matt Watson, Islay Robinson, Hugh Wade-Jones and Nigel Le Quesne; the founding team has significant international experience in real estate, finance and corporate services. The company announced a joint-venture partnership and a funding facility that will provide up to £300 million from funds advised by Elliott Advisors (UK) Limited and its affiliates to build Tenn’s proposition and enable global deployment of its lending mandate. Management says the facility vindicates the robustness of its systems, processes and credit infrastructure and will allow Tenn to deploy capital in scenarios underserved by established institutions.

Participated · Equity · Dec 2018

TotallyMoney provides a free credit score tool and personal finance app aimed primarily at consumers who are struggling financially. The product pools multiple data sources to help users comprehend, track, and improve their credit score, and works with lenders to pre-qualify and match customers to suitable loans. The company counts over four million customers and reports that 61% of its customer base has serious financial worries. TotallyMoney plans to use the new funding to continue product development, launch a digital and television advertising campaign, and grow its team. CEO Alastair Douglas said the service gives customers tools to understand their credit score and highlighted the potential of industry collaboration to fix a credit market he described as not fit for purpose. Founded in 2006, the firm has raised approximately £62 million to date and has added an additional £9 million through this latest funding. TotallyMoney provides free credit reports and a live credit score that explains why a score was given, what it means, and how to improve it. The product shows customers their chances of being accepted for credit before they apply so they can make informed decisions. Led by CEO Alastair Douglas, the company uses technology to surface actionable guidance to reduce the risk of credit rejection. TotallyMoney intends to use new funding to accelerate customer acquisition, expand recruitment, and develop its technology platform. The company has over 2.5 million customers. The business focuses on helping consumers understand and improve their credit profiles through its online tools. TotallyMoney is a London credit fintech that offers a Free Credit Report and a proprietary Borrowing Power algorithm to help consumers find suitable credit without impacting their rating. Its Borrowing Power tool uses a customer’s live credit position plus real-time market-wide lending data to show likelihood of acceptance and sort the best offers. The company reports its Free Credit Report has been used by more than 1 million new customers since launching in late 2017. TotallyMoney is led by CEO Alastair Douglas and CPO Anna Kuriakose. The business recently raised new capital to accelerate customer acquisition, build out its technology platform and provide credit for UK consumers. The funding round is held subject to FCA approval. Media Ingenuity is a London-based online marketing technology company and owner of the financial comparison site TotallyMoney.com. Launched in 2006 by founder and director Will Becker, the company is a large online advertiser of financial services. Its core activities include lead and application generation across loans, mortgages, credit cards, life and health insurance, travel insurance, debt advice, banking, savings, pensions and utilities switching. The company recently launched an online travel insurance service, Fluid, and the Granite credit card. Media Ingenuity intends to use proceeds from the financing to develop own‑brand financial products and expand its consumer offerings. No operating metrics were disclosed in the article.

Led · Equity · Mar 2010

TAGSYS develops high-performance RFID infrastructure systems and UHF/HF solutions optimized for item-level applications. Its products target markets such as Library, Textile Services, Brand & Fashion and Healthcare. The company plans to use new funding to expand distribution channels and help partners secure new markets while continuing product development. TAGSYS has operations in King of Prussia, PA (USA), La Penne-sur-Huveaune (France) and Hong Kong. It has deployed its RFID systems to over 500 customers in more than 40 countries. The company announced new venture capital financing to support these growth activities.