Adsum Raises $5M in Funding

Adsum, a UK-based tax-based forward-financer, raised $5 million in funding. The round was led by Episode 1 and Digital Horizon, with participation from D2 and other angel investors. Adsum's technology automates the calculation of tax credits and refunds, providing capital in as little as 24 hours.

Adsum Secures $5 Million Funding to Expand Tax-Based Financing Solutions

Adsum is a London, UK-based tax-based forward-financer that provides cashflow solutions by calculating and advancing funding for UK Tax Receivables, including VAT, Creative Industries, and R&D Tax Credits. The company leverages its in-house technology to automate the calculation of tax credits and refunds, eliminating the need for tax consultants. Adsum offers credit lines that can be drawn against and repaid by its users' tax credits and refunds, providing capital in as little as 24 hours.

Adsum is a tax-based forward-financer providing cashflow solutions for UK Tax Receivables, including VAT, Creative Industries, and R&D Tax Credits.

3 years ago

Adsum Secures $5 Million Funding to Expand Tax-Based Financing Solutions

ProblemFinancial Services

Solution

Covered on