From spreadsheet to scale-up: a startup's first business account
A two-founder data startup opened its first business account and secured an early working-capital facility within three months.
1 day
To open the account
3 mo
To first facility approval
The challenge
The founders had been invoicing clients through a personal account, which made it impossible to show a bank a clean financial history when they needed funding.
Our solution
Mosey opened a business account in a single afternoon and, once six months of trading history existed, approved a modest working-capital facility.
“Having a real business account from month one made every later funding conversation easier.”
Zoe Aldridge
Co-founder, Fernleaf Analytics