Tuza Raises £4M in Seed Funding for Business Cards
Tuza, a London-based provider of a comparison site for business card payments, recently announced that they have successfully raised £4M in Seed funding. Founded by Olivia Stannah (CTO) and Ed Hardy (CEO), Tuza received support from investors such as Connect Ventures, Northzone, Triple Point, and Entrepreneur First. The company plans to utilize the funds to expedite their growth strategy, with a goal of onboarding 100,000 merchants onto their platform, expanding their team, and enhancing their technical infrastructure.
With Ed Hardy at the helm as CEO and Olivia Stannah serving as the CTO, Tuza offers small and medium-sized businesses (SMBs) a valuable service by allowing them to compare rates from various payment providers easily.
This latest round of funding builds upon their previous success, having secured £1.5M in pre-seed funding back in June 2023. The initial investment featured notable angel investors like Charlie Songhurst, Chris Adelsbach, and Freddy Kelly, further solidifying Tuza's position in the market.
In response to the recent funding announcement, CEO Ed Hardy emphasized the importance of Tuza's mission, stating, "Businesses should not have to endure high costs simply because they lack awareness of better alternatives. Our platform offers immediate and transparent access to optimal solutions tailored for each business. This not only saves time, but also introduces a new standard of fairness in pricing that was previously missing from the industry." Tuza's dedication to empowering SMBs with cost-effective solutions highlights their commitment to reshaping the business card payment landscape.
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