At Tuza we're building an exchange for card payments to give businesses access to the most competitive rates for their payment terminals, while helping banks to access volume they want to process. This is important. Just like insurance, payments is a product priced on risk. But currently that risk is priced manually in spreadsheets, leading to businesses paying billions in extra card processing fees.

We're working with the largest banks in payments to fix that, bringing the biggest change to how businesses access card payments in two decades.

Tuza

Just dropping off a card terminal for Kier...

cc/ Olivia Stannah Tuza

There she is! Olivia Stannah ⭐ 

Great to share the stage with Cian Wright, Pietro Bezza and Andrea Gurnari! Thanks to Operators & Friends for hosting.

🚨💸 Every week, Maddyness UK brings you the latest #investment news from the #UK #startup ecosystem. Here's a recap of this week's #investments. 💸🚨

💳 Payment processing from Tuza (£4M from Connect Ventures, Northzone, Triple Point and Entrepreneur First)

🚗 Autonomous driving from Wayve (£842M from SoftBank Group Corp., NVIDIA and Microsoft)

🧑‍⚖️ Legaltech from Definely (£5.58M from Octopus Ventures, Cornerstone VC, Zrosk Investment Management, and others)

We also covered recent raises and funds from:

🕵️ Urban Jungle Insurance (£11.2M)

📈 Stratiphy (£1M)

🐮 AgriWebb (£6M)

⚕️Triomics (£12M)

https://lnkd.in/e-x838pR

We're very excited to see our superstar CTO Olivia Stannah at the largest Operators & Friends event so far, talking about all things company building, alongside other talented operators and investors. Be sure to sign up!

Big day for Tuza (formerly Statement) 👀

Today we announce our £4m Seed, led by Rory Stirling at Connect Ventures. Working with Rory is long overdue... Olivia and I couldn't be more excited to get him on board. His enthusiasm for Tuza is infectious.  

Since we launched last year, we’ve helped thousands of businesses with over £1.5bn of card turnover to compare on Tuza. This raise is a big step in building the exchange for payments pricing, helping banks better serve their business customers. 

We’re fortunate to have some excellent partners across banks like Barclays and Worldpay, with several more announced soon. 

Investing alongside Connect, are our friends at Northzone (Jeppe, Pascual), Entrepreneur First (Jonny, Mike, Carl) and Triple Point (Seb) as well as an exceptional group of angels.

But most importantly thank you to my epic cofounder, Olivia Stannah, and the growing team at Tuza (tuza.co.uk/careers). Since we started ~15 months ago we've built a tenacious group to take on this adventure - I couldn't be more proud of the group we've assembled. 

Read about it here -> https://lnkd.in/dms7X29a

🎯 Big news! 

Tuza has secured £4m Seed funding as we bring price comparison to card payments in the UK, helping even more businesses save time and money. Our launch in September 2023 seems like yesterday. Since then, we’ve compared £1.5 billion in card turnover for small businesses.

We're excited to have Connect Ventures joining Tuza, alongside our friends at Northzone, Entrepreneur First and Triple Point as well as an exceptional group of angels.

We couldn't have done it without the dozens of people across UK acquirers who've worked so hard to make Tuza a reality over the last 12 months. Dedicated teams across partnerships, GTM, product and engineering have all put in a huge shift - from Tuza to you, thank you. 

If you're looking for a big challenge, we've got you covered: multiple engineering and growth roles are open now at tuza.co.uk/careers

Now, back to comparing card machines… 💸 

Team Tuza.

Stripe is a technology company that provides payment processing software and application programming interfaces for e-commerce websites and mobile applications.

Stripe

Skydo is a payment processing platform that offers solutions for businesses to accept card payments and manage transactions.

Skydo

Rapyd is a global fintech platform that provides a full stack of payment and financial services in one integration.

Rapyd

Tuza is a fintech company that simplifies card payments for small businesses by matching them with the most competitive rates from leading banks, saving them from hidden fees and complex pricing.

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UK:CO:TUZA

Tuza