London fintech Claimer brings in $4.2 million to help firms claim government financing
Summary
London-based fintech startup Claimer has raised $4.2 million in a seed round to make it frictionless for companies to claim financial incentives from the government. The eligibility criteria and application process are often complex and time-consuming, requiring specialist knowledge that tech companies do not have.According to the U.K. fintech, it aims to build accessible government financing infrastructure to make the experience of claiming innovation incentives 10x easier. According to Claimer, companies using its platform can initiate a claim in as little as 10 minutes, whilst having the peace of mind that applications are accurate and maximised. Our vision is to accelerate innovation globally by eradicating this opacity and complexity between tech companies who need to claim incentives and governments who want to issue them.The R&D claim solution has been used by the likes of Otta, Nested, Unmind, and Hubble.Sam Cash, partner at Project A added: Research and development is a key driver of economic prosperity and GDP growth. Were excited to support Claimer in enabling innovative companies to claim R&D relief theyre owed from governments, in a way that is considerably easier and cheaper than current solutions.