Ember Digital (t/a Ember) secures £5 million investment led by Valar Ventures, Viola Fintech and Shapers
Summary
Features like integrated invoicing, a full tax timeline, and the capability to track cashflow are designed to significantly ease the administrative burden faced by small businesses.The excitement surrounding this launch is amplified by Embers announcement of securing \xa35 million in funding led by Valar Ventures, Viola Fintech and Shapers. Will Turner, Head of Strategic Growth, Partnership & Innovation at HSBC UK, noted, This partnership with Ember transforms the traditional business banking model by embedding crucial financial management tools into our award winning digital platform, delivering timely and proactive insight to help our business customers thrive.HSBCs Global Head of Customer Channels for Commercial Banking, Temi Ofong, also commented, Our initiative with Ember aligns perfectly with HSBCs commitment to supporting small businesses through innovative and impactful collaborations with progressive fintechs.Philippe Teixeira da Mota of Shapers commented on their conviction: At Shapers, we invest in companies that are not just leaders but also innovators in their field. Driven by an intelligent distribution approach, Ember crafts contextual experiences, empowering small businesses to optimize efficiency and take control of their operations. This partnership promises a scalable solution that not only redefines support for the UKs entrepreneurs but also amplifies distribution and assistance in preparation for the seismic shifts in the digitisation of the tax landscape. Weve seen this distribution angle work effectively for a number of our investments and we are thrilled to support their journey as they set new standards for the accounting industry.The potential of this collaboration to redefine small business financial management is immense, said Aaron Shaw, Co-founder of Ember.