a year ago

Meysey Secures £250,000 Seed Funding to Fight Fraud in SMEs

  • Meysey, a London-based startup, has raised £250,000 in seed funding led by QVentures with participation from angel investors

  • Meysey's AI-powered fraud protection software platform is designed for non-technical users at SMEs to combat internal and external fraudulent activities, including fraudulent invoicing and payroll scams

  • The company intends to use the funds to further develop its software and expand its distribution network of accountancy partners.

      • ProblemTechnology

      "Fraud is a growing problem for small and medium-sized enterprises (SMEs), with many businesses falling victim to fraudulent invoicing and payroll scams."

      Solution

      "Meysey offers an AI-powered fraud protection software platform that helps SMEs combat internal and external fraudulent activities. It scans data from accountancy software tools to identify potential fraud, including transaction anomalies, supplier risks, and payroll disparities. The platform can be set up in minutes without any software downloads and offers two deployment options: a standalone platform or integration with existing accounting software."

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