Bondaval Ltd Asset Profile

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Year established

2020

Location

London UK

Primary Industry

Financial Services

About

Based in London, UK, and founded in 2020, Bondaval Ltd provides smart credit instruments i.e., micro bonds. The company was founded by Sam Damoussi and Tom Powell. In December 2022, the firm raised USD 15 million in Series A funding led by investor Talis Capital, with participation from other investors Broadhaven Capital Partners and FJ Labs. Returning investors Expa, InsurTech Gateway, Octopus Ventures, TrueSight Ventures, and other investors also participated in the round. The company offers a business-to-business credit platform that issues MicroBond, a no-cancellation financial instrument that provides frictionless access to more capital-efficient solutions. The firm product range includes balance sheet protection which includes non-cancellable receivables covers, and it enables credit teams to offer higher limits to new and existing customers. Additionally, the firm helps credit teams in increasing acceptance rates and access limit relief. The company plans to use the December 2022 funding to hire more staff, enter more markets, and improve its products.

Current Investors

InsurTech Gateway, TrueSight Ventures, Expa

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Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.bondaval.com

Verticals

FinTech

Company Stage

Series A

Total Amount Raised

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