Wyzr, a fintech startup developing an AI CFO product for small businesses, has raised £400,000 in a Dragon’s Den-style pitch event hosted by NatWest.
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The Wyzr platform helps SMBs better understand their finances and provides calculations in seconds, saving them time and avoiding cash flow issues.
The fundraiser followed a presentation opportunity at NatWest’s Fintech Demo Day to a room of potential angel investors.
The Demo Day brought together the 10 most promising fintech startups from NatWest’s Accelerator program to showcase their technology to an audience of investors and senior NatWest team members.
Wyzr’s relationship with NatWest began with their merchant bank and a subsequent invitation to join the bank’s Entrepreneur Accelerator, which offers coaching and full-time use of a modern co-working space based in Bishopsgate , London.
Ajit Barik, founder of Wyzr, said: “Our experience with the NatWest Entrepreneur Accelerator has been transformative. The support, mentoring and especially the networking opportunities provided by the program have been invaluable in helping us refine our business strategy and prepare for a successful fundraiser.