2 years ago

Polyloop Raises £1.2 Million to Transform Public Sector Spending Management

  • Polyloop, a Belfast-based startup, has secured £1.2 million in seed funding

  • The platform helps public sector organizations track and analyze their spending, providing real-time data for decision-making

  • The funding will be used to expand Polyloop's operations in the UK, Europe, and the US

  • The company aims to achieve £16 million in annual recurring revenue within the next three years.

      • ProblemTechnology

      "Public sector organizations struggle to track and analyze their spending effectively, relying on outdated methods like spreadsheets and PDFs, which hinders their ability to make data-driven decisions."

      Solution

      "Polyloop provides a platform that allows public sector organizations to calculate the impact of their spending in real-time, offering features like real-time analytics and evaluation reporting, enabling them to make informed decisions based on data."

      Covered on