4 years ago

BondAval Secures $7 Million Seed Round to Revolutionize Payment Security with MicroBonds

  • London-based insurtech startup BondAval has raised $7 million in a seed round led by Octopus Ventures

  • The company offers MicroBonds™️, a new form of payment security backed by A-rated insurers, to provide businesses of all sizes with access to efficient and affordable investment-grade payment security

  • The funding will be used for growth, hiring, and platform development.

      • ProblemFinancial Services

      "Small and medium-sized businesses (SMBs) face high costs, significant collateral requirements, and a slow, analogue process when trying to guarantee future transactions. This limits their access to working capital and hinders their growth."

      Solution

      "BondAval offers MicroBonds, a revolutionary payment security instrument backed by A-rated insurers. These MicroBonds provide investment-grade certainty for payments and supply contracts, enabling businesses of any size to access collateral-free, near-instant guarantees at a significantly lower cost. This empowers SMBs to secure working capital and achieve their full potential."

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