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Floodlight Raises $6.4M in Seed Funding to Reinvent Finance Experience

Floodlight Raises $6.4M in Seed Funding to Reinvent Finance Experience

April 19, 2023

London-based start-up Floodlight has secured $6.4 million in seed funding from investors 83NORTH and Aleph. Floodlight aims to revolutionize the finance experience for e-commerce business owners, providing them with a single platform to manage their finances and optimize their business operations.

With Floodlight, e-commerce founders can access a single dashboard that integrates their expenses from various sources such as bank accounts, WooCommerce, Shopify, Google Ads, Facebook, Quickbooks, Xero, and more. The platform automatically categorizes expenses, identifies cash flow trends, and provides revenue insights, empowering business owners to make informed financial decisions.

In addition to the finance management features, Floodlight offers up to 25 virtual cards with unlimited 1% cash back using their Floodlight Business Debit Mastercard, as well as 10 business accounts for organizing spend. The platform also provides auto-generated summaries of cash flow and round-the-clock consultative services with e-commerce finance experts to help business owners optimize their financial strategies.

Founder and cofounder of Foodlight

Floodlight also offers free unlimited transactions across the UK and Europe, including Faster Payments and Sepa, providing a convenient and cost-effective solution for managing finances for e-commerce businesses.

The Growth of Foodlight

The seed funding raised will be used to further develop the Floodlight platform, expand its features, and scale its operations to serve more e-commerce business owners.

For more information on Floodlight and its mission to empower e-commerce business owners with efficient finance management, visit their latest funding round at https://founderlodge.com/round/Floodlight-raises-6400000-Seed-2023-04-18-Noam-Bernstein-MTIyNjE

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