Osu collects £2.25m in its seed round

Osu, a payment app for self-employed, has reportedly collected £2.25m in its seed funding round.

The round was led by Creandum, with commitments also coming from Ada Ventures, Breega, Firstime, Amelia and Ulysses, according to a report from Business Cloud. A number of angel investors also contributed to the round, including ComplyAdvantage founder and CEO Charles Delingpole.

Capital from the round will be used accelerate its growth, with the aim of reaching 10,000 clients by the end of the year.

Osu provides a mobile app to the self-employed, which enables them to view past transactions and manage accounts easily. Users can also send payment requests via an SMS and instant receive payments.

Osu co-founder and CEO Noam Nevo told Business Cloud, “We know from speaking to our users that one of the biggest challenges they face is the ability to manage their payment-related admin tasks effectively and efficiently, whilst also growing their services and attracting more customers.

“At a time when the self-employed are already taking a hit due to the pandemic, reducing the cost of getting paid and making the process much faster is becoming increasingly important.

“This is where Osu comes in. The app is designed to be the payment PA that the self-employed simply can’t afford to hire – automating tasks such as sending invoices, accepting payments, chasing customers and staying on top of it all.”

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