The startup offers a financial management platform for small businesses that aggregates financial data and provides real-time cash flow analysis along with credit score insights. This enables small businesses to make informed financial decisions and access improved funding opportunities.
Funding
$650K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small businesses often struggle with financial management due to a lack of financial expertise, difficulty in aggregating data from multiple sources, and challenges in understanding their creditworthiness. This can lead to poor financial decisions and difficulty accessing affordable funding.
Solution
Menna is an AI-powered finance assistant designed to help small businesses in the UK manage their finances, improve their credit profiles, and access suitable funding. By connecting to various data sources through Open Banking, Menna provides real-time insights into cash flow, expenses, and credit scores, offering a comprehensive view of a business's financial health. The platform uses AI to provide personalized insights, automated tools, and comparisons of loan options from a panel of trusted lenders, enabling businesses to make informed decisions and improve their chances of securing funding. Menna also offers an AI assistant to answer financial questions and provide guidance.
Target Audience
The primary target audience is sole traders and small business owners in the UK who need assistance with managing their finances, improving their credit scores, and finding suitable loans.
Features
- Real-time cash flow tracking and forecasting
- Automated expense tracking and categorization
- Personal and business credit score monitoring
- Affordability score to assess loan eligibility
- Loan comparison tool to find suitable lenders
- AI-powered financial insights and recommendations
- Open Banking integration for secure data access
- Personalized support via an AI assistant