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Adsum Technologies

Fintech platform financing U.K. tax receivables

Adsum Technologies logo
21-100 employees
  • Fintech
  • B2B
  • Financial Services
  • SaaS
Bloomsbury, London, UK

Company mission

To pioneer a seamless new route to immediate non-dilutive financing for businesses of all sizes.

Our take

Adsum Finance was established after its founders identified inefficiency in the U.K. tax receivables market - according to them, the market is dominated by big banks who are not incentivised to provide clients with efficient liquidity solutions since they currently have no competition. Adsum aims to change that by offering VAT Loans, R&D and Creative Tax Credit Loans to clients, aiming to save their time and money.

Adsum is the only VAT lender that handles all reclaims ranging from vehicles, inventory, machinery and property. What's more, Adsum is the only UK lender that has an in-house VAT expert, which allows the company to ensure that clients benefit from market-leading advisory services.

Adsum sets itself apart through combining technology and human expertise in order to streamline processes and minimise administration and approval time. For example, banks would take at least 3 months and 40 documents to process a loan, while Adsum only takes 5 days and 7 documents for the same process.

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Kirsty

Company Specialist at Welcome to the Jungle

Funding (1 round)

May 2022

$5m

EARLY VC

Total funding: $5m

Leadership

Justina Tartilaite

(Co-Founder)

Previously worked in the Structured Credit, Distressed Debt and Private Equity Department at Deutsche Bank for 8 years.

Formerly an Analyst at Hawkpoint. They were also a Manager at Barclays prior to co-founding Adsum. They also co-founded Melford Capital Partners LLP in July 2008.