Open banking app Boodil nets £525k in pre-seed haul


Boodil, a Manchester-based provider of an open banking payments and consumer engagement app, has scored £525k in a pre-seed raise.

The round was headed by Louis and Reg Rix, Anthony Morrow, Gary Corbett, 3B4 Investments and Ben Luscombe.

Boodil claims its mission is to transform customers’ everyday spend with its cardless payment solution.

The company offers merchants a more secure, cost effective payment proposition with instant access to funds. Whilst rewarding customers for every purchase they make, with redeemable points, rewards and entries into our exclusive prize draws.

Boodil is an end-to-end solution for any merchant looking to offer frictionless account to account payments powered by open banking API’s. The firm also provides data driven insights to improve customers experiences.

According to the firm, it intends to use the new influx of capital to scale its payment and open banking solution.

The cardless payment method is set to launch in the fourth quarter of this year, the company has claimed.

Validic, a digital health and remote care firm, recently scored $12m in a financing round headed by Kaiser Permanente Ventures.

The round also saw participation from Arkin Digital Health, Green Park & Golf Ventures, Ziegler, Gore Range Capital, Greycroft Partners and SJF Ventures.

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