Fundment Secures £45m to Scale Adviser Technology Platform

Fintech company Fundment has announced a £45 million funding round led by Highland Europe, a growth-stage technology investor. Founded in 2018 by Ola Abdul, Fundment aims to provide a “modern solution for financial advisers,” offering a frictionless experience for both advisers and their clients. Currently, the platform is utilised by over 500 firms.

Ola Abdul highlighted the company’s journey, stating, “For the past six years, we have been building Fundment as the all-in-one tech platform to support a financial advice firm’s every need so they can dedicate more time to delivering value to customers. We’re still in the early stages of our journey, and I’m delighted to have the backing of Highland Europe as we scale Fundment.”

Gajan Rajanathan, General Partner at Highland Europe, praised Fundment’s innovative approach: “Fundment offers an easy-to-use, transparent, modern investment platform providing comprehensive access to a suite of investment options. There will be powerful tailwinds in this market over the coming years, and Fundment is in an ideal position to capitalise.”

The raised capital will be directed towards expanding the team and scaling the company’s adviser technology. The fundraise remains subject to FCA approval.

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Chatloop Launches New Investment Round to Further Revolutionise Social Media Engagement

Chatloop, the ground-breaking B2C2B social media engagement app, has officially launched its latest investment round. For more information, potential investors are invited to speak directly with founder and CEO Andrew Barlow, who announced, "It's time to Get in the Loop."

Founded in 2021 by Barlow, a seasoned technology developer and former co-founder of the digital adoption platform AppLearn, Chatloop offers a unique blend of web browsing and social sharing. Its browser, touted as faster than Chrome, Safari, or Firefox, enables users to share, recommend, and engage with content seamlessly by creating shareable "loops" directly on the page.

Launched in 2022, Chatloop transforms the digital landscape by turning any webpage, image, or video into a social hub where users can chat, comment, and react in real time. This unified experience connects consumers, brands, and influencers, empowering them to engage with content anywhere on the internet.

Unlike traditional platforms such as Facebook, Twitter, and Instagram, Chatloop prioritises user integrity and a distraction-free experience. The app employs facial recognition to verify all users, creating a safer environment by eliminating anonymous interactions. Additionally, Chatloop is entirely ad-free, ensuring users enjoy meaningful conversations without interruption or overload.

With its innovative approach to merging social media and web browsing, Chatloop is poised to redefine how people interact with digital content. 

Interested investors are invited to reach out to founder and CEO Andrew Barlow to learn more about the investment opportunity.

Mojo-CX Secures £2.25 Million Investment to Transform Customer Service with AI

Manchester-based SaaS company Mojo-CX has successfully raised £2.25 million in a funding round led by NPIF II – Praetura Equity Finance, part of the Northern Powerhouse Investment Fund II (NPIF II). The investment, which also included contributions from River Capital’s fund:AI, the Greater Manchester Combined Authority (GMCA), and the Midlands Engine Investment Fund (MEIF), will enable Mojo-CX to enhance its innovative AI-driven solutions for customer service.

Founded in 2018 by CEO Jimmy Hosang, Mojo-CX specialises in leveraging AI to analyse customer service conversations, train call handling staff, and enhance user experiences. Its suite of tools includes MO, an AI team leader, JO, an agent assistant, and CECE, a tool providing rapid insights into customer interactions—reducing analysis times by up to 99%. These insights help call handlers resolve issues more efficiently, boosting customer loyalty and revenue.

With this new funding, Mojo-CX plans to expand its technology capabilities by introducing voice AI and automated quality assurance for real-time agent support. Additionally, the company aims to double its sales and engineering teams to accommodate its growing client base, which includes industry leaders like Concentrix, AA, and Fiserv.

Jimmy Hosang expressed enthusiasm for the investment, highlighting its potential to drive innovation and support the North West’s tech community. Michael Rees of Praetura Ventures underscored the importance of Mojo-CX’s tools in enhancing customer service, while Sue Barnard from the British Business Bank emphasised the transformative role of AI in driving economic growth across the region.

This investment exemplifies NPIF II's mission to support innovative businesses across the North of England by providing crucial funding to help them scale, innovate, and compete on a global stage.

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Evergreen Life Tops the 2025 Sunday Times 100 Tech Rankings

The Sunday Times has unveiled its inaugural league table celebrating Britain’s fastest-growing private tech companies across software and hardware sectors. Rankings are based on three-year revenue growth, highlighting the nation’s most dynamic tech innovators.

Salford-based HealthTech company Evergreen Life claimed the top spot in the software category, achieving an impressive 554% sales growth. Evergreen Life’s app empowers users to take control of their health and lifestyle, offering actionable insights and facilitating more cohesive healthcare experiences.

The top five in the software category was rounded out by Allica Bank, a fast-growing digital bank for SMEs; UrbanChain, an energy tech innovator creating peer-to-peer renewable energy trading platforms; Peppy Health, which provides specialist employee health services; and Zilch Technology, a buy-now-pay-later fintech company.

In the hardware category, Pure Data Centres led the rankings, reflecting its rapid growth and pivotal role in supporting global digital infrastructure.

Evergreen Life’s founder and CEO, Stephen Critchlow, recently participated in a roundtable on data in healthcare, calling for a "complete revolution" in the delivery of healthcare in the UK. This achievement underscores the transformative power of technology across sectors, particularly in addressing critical challenges in health and financial services.

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Barclays Strengthens Engineering Team with Callum Fraser Appointment

Barclays has announced the addition of Callum Fraser to its engineering leadership team as an Engineering Manager.

A prominent figure in the North West tech scene, Callum is well-known to MRJ and serves as a partner of Manc.JS, one of the Northwest's biggest networking events JavaScript programmers and software development enthusiasts. His extensive experience as a seasoned Software Engineer includes managing and inspiring teams across finance, commercial, and leisure & travel industries. His passion for mentoring, team development, and leveraging cutting-edge technologies to solve complex problems makes him a valuable addition to the Barclays engineering team.

This move comes under the leadership of CS Venkatakrishnan, who has served as Barclays Group Chief Executive since November 2021. Venkat, as he is widely known, has held several senior roles at Barclays, including Head of Global Markets, Co-President of Barclays Bank PLC, and Chief Risk Officer. He is also the executive sponsor for Embrace, the global multi-cultural network at Barclays.

Before joining Barclays in 2016, Venkat held senior roles at JP Morgan Chase in Asset Management, Investment Banking, and Risk during a career spanning over two decades. An academic at heart, Venkat holds S.B., S.M., and Ph.D. degrees from the Massachusetts Institute of Technology (MIT), where he serves on the advisory board of the Golub Center for Finance and Policy.

Fraser’s appointment aligns with Barclays’ ongoing commitment to building a world-class engineering team under Venkat’s strategic leadership, positioning the company at the forefront of innovation in the tech and financial sectors.

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