London Fintech Ooodles Secures $2.7M to Launch AI Platform in Ireland, Targeting 309,000 SMEs
November 12, 2024Poggiali emphasized that Ooodles addresses significant challenges faced by underserved SMEs, providing solutions that resonate well with their needs.
The company emphasizes sustainability by recycling returned devices and aims to achieve full carbon neutrality by 2026.
Founded in 2021 by Leonardo Poggiali and Kannan Reghu, Ooodles offers a flexible Pay-As-You-Go IT leasing model that allows SMEs to customize their services without penalties.
Ooodles, a London-based fintech startup, has successfully raised $2.7 million in funding to expand its operations into Ireland and enhance its IT procurement services for SMEs.
This funding will allow Ooodles to launch its AI-driven platform, Ooodles OS, in Ireland, targeting over 309,000 Irish SMEs for the first time.
The funding round was led by āltitude, a Europe-based SME tech fund, with support from existing investors including Traditum, a UK family office with a background in IT and banking.
The platform assists SMEs with credit approvals, inventory management, and device upgrades, leveraging AI to tailor solutions for fleet management.
Ooodles' model promotes cost savings, improved cash flow, and enhanced security for SMEs while also addressing sustainability through reduced e-waste.
To date, Ooodles has activated over £4 million in credit lines to help SMEs manage their cash flow more effectively.
Ooodles has experienced 24 months of consecutive growth, boasting a 96% retention rate and strong customer recommendations from its UK SME clients.
As part of its European expansion plans, Ooodles aims to triple its customer base within the next year.
Operating independently, Ooodles owns every aspect of its service, offering over 10,000 pre-configurable products available for next-day delivery.
Summary based on 2 sources
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Sources
Tech.eu • Nov 12, 2024
Ooodles raises $2.7M for Ireland expansionSilicon Canals • Nov 12, 2024
UK-based fintech Ooodles raises €2.5M; expands to Ireland