VoiceSage, a CPaaS communication and Fintech platform, and technology company, has raised €2,440,907 (or 97% of its €2,500,000 target) from 221 investors via its crowdfunding campaign carried out through Crowdcube (with 17 days left in the sale).
Voice Sage reports a €59,527,242 pre-money valuation, 4.03% Equity, and a €14.43 share price.
VoiceSage serves as a CPaaS (Communications Platform as a Service) communication and Fintech platform, and technology company. It works with blue-chip clients, such as Very, SSE, PayPal, Nationwide and Capital One. They have “generated €5.8m turnover (Y/E Jun 2021).” VoiceSage are raising funds “to accelerate growth in the UK and Europe.”
Key business highlights are as follows:
- 40 clients: incl. Zurich, AxA, Thames Water, and Express Gifts
- CPaaS market is forecast to grow from $4.5bn in 2020 to $26bn in 2026
- Strong IP: invested circa £17.5m in R&D since 2003
- Partner with Vonage, a NASDAQ listed leader in cloud communication
Effective communication is becoming “ever more critical for businesses.” Research shows that customers “want personalized communication as well as a control over the channel through which they receive said communication.”
As noted in the update:
“Traditionally, it is costly and complicated to integrate real-time communication (e.g. WhatsApp, text messages, phone calls) onto websites and apps. But communication platform-as-a-service (CPaaS) provides a complete framework through API and removes the need for companies to build their backend infrastructure and interface.”
VoiceSage provides firms with a Cloud-enabled platform “to add SMS, rich media messaging, voice, social & email channels into their business processes.”
The company also shared:
“We have spent years developing our technology and believe it is better than our competitors. We have put in place a partnership with a payment gateway provider, giving us a portion of transfer & other fees from the increasing volume of payments we process, helping increase revenue. In our Fiscal Year to June 2021 we generated Sales of €5,75m with a Net Profit of €273k.”
With a track record of working with and adding value to their blue-chip clients, the team believes that this is “the right time for [them] to expand.”
They added that the CPaaS market is “poised for 470% growth in the next six years; this funding round will enable [them] to invest in marketing and sales to strengthen [their] market share in the UK and expand into the European market.”
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