Fintech Ooodles has raised a $2.7 million funding extension, which will be used to expand into Ireland. The funding was provided by āltitude, Europe based SME tech fund, with participation from existing investors and Traditum, an established UK family office with principals from IT and banking.
Using the funding, Ooodles will further develop its AI-powered proprietary tech while the international expansion will reach 309,000 Irish SMEs for the first time. The company’s platform allows SMEs to sort credit approvals, inventory management and upgrades and uses AI to help SMEs build fleets of devices that best meet their needs.
Leonardo Poggiali, co-founder and CEO of Ooodles said: “Whether it’s agencies needing high-performance laptops without upfront costs, or fast-growing startups looking to quickly equip their teams with the best devices, every time I meet new clients, there’s a moment when everything clicks; a lightbulb moment where they realise they no longer have to put up with restrictive leasing and can finally have the freedom and flexibility Ooodles provides.
“We’re solving real problems that millions of underserved SMEs face and creating a perfect market fit where our solution immediately resonates and businesses are left wondering why they put up with poor alternatives for so long.”
Videesha Boeckle, Partner at āltitude said: “Ooodles truly understands both the importance of, and the challenges faced by SMEs today. Its flexible tech platform offers the agility that SMEs need to overcome operational hurdles in a rapidly changing digital world. This innovative and truly stand-out approach aligns with āltitude’s belief in the potential of SME tech as the next major growth frontier and it’s refreshing to see a company so committed to helping businesses unlock this potential.”