Tuza

Tuza

Real-time pricing for merchant card payments

Overview

Tuza helps small businesses compare and choose card payment providers. It partners with banks and payment acquirers to surface real-time, risk-based pricing and features, so merchants see transparent costs rather than hidden fees. The platform taps into over 90% of the UK acquiring market to provide up-to-date rates, making it easier to find a cost-effective solution. Revenue comes from collaborating with financial institutions and using their technology to streamline merchant onboarding. Tuza’s goal is to simplify card payments and ensure small businesses get clear pricing and a smooth onboarding experience.

About Tuza

Simplify's Rating
Why Tuza is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Fintech

Financial Services

Company Size

11-50

Company Stage

Seed

Total Funding

$2M

Headquarters

London, United Kingdom

Founded

2023

Simplify Jobs

Simplify's Take

What believers are saying

  • AI automation addresses manual process bottleneck in financial services growth.
  • £4M seed funding from Connect Ventures, Northzone, Triple Point accelerates expansion.
  • Bank partnerships create recurring revenue from financial institution referrals and integrations.

What critics are saying

  • SumUp and Zettle's 0.3% integrated rates eliminate comparison platform value proposition.
  • PSR real-time pricing mandate Q3 2026 commoditizes core risk-based pricing feature.
  • Connect Ventures' competing Salt AI bank automation tools bypass Tuza partnerships.

What makes Tuza unique

  • Pivoted to AI-native automation platform orchestrating agents for banks' manual processes.
  • Partnerships with 90% of UK acquiring market enable real-time risk-based pricing.
  • Processed £1.5 billion in card turnover since September 2023 launch.

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Funding

Total Funding

$2M

Below

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$2M
Tuza
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood

Benefits

Health Insurance

Unlimited Paid Time Off

Pension

Creative office space in Spitalfields, London with free breakfast twice a week

Generous equity linked to your salary

Competitive salary

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Maddyness
May 10th, 2024
Payment processing, autonomous driving and LegalTech in this week's MaddyMoney

Tuza, the UK platform revolutionising payment processing for small to medium-sized businesses (SMBs), has successfully secured £4M in a Seed funding round led by Connect Ventures, with investment from Northzone, Triple Point, and Entrepreneur First.

Sky News
May 2nd, 2024
Business payments comparison site Tuza taps backers for £4m

Sky News understands that Tuza, which launched last September, has secured £4m of seed capital from investors led by Connect Ventures.

Techcelerate Ltd (t/a Deal Lite)
May 2nd, 2024
Tuza Secures £4M Seed Funding

Tuza, previously known as Statement, has raised £4m in a Seed funding round led by Connect Ventures, with additional investment from Northzone, Triple Point, and Entrepreneur First. The UK-based platform, which helps SMBs compare payment processing rates, aims to address the lack of transparency in the industry. Since its launch in September 2023, Tuza has compared £1.5 billion in card turnover for small businesses. The funding will help accelerate its growth in the UK market.

EU-Startups
Mar 6th, 2024
10 Fast Growing Uk Startups To Watch In 2024 And Beyond!

In recent years, the United Kingdom has solidified its position as one of the world’s premier destinations for startup innovation and investment. Fueled by a combination of factors including top-tier education institutions, a dynamic job market, and favourable regulatory conditions, the UK startup ecosystem has experienced exponential growth, propelling it to the forefront of global entrepreneurship. According to Dealroom in 2023, the UK startup ecosystem has reached a staggering valuation of over €900 billion, positioning it as the third most valuable ecosystem worldwide, trailing only the giants of the United States and China. London, in particular, has emerged as a powerhouse within the UK startup landscape, serving as a magnet for both startups and venture capital. With over €19 billion in venture capital investments pouring into the city, London stands as one of the top global hubs for entrepreneurial activity. In terms of venture capital funding, the UK’s top-performing industries in 2023 were energy, fintech, and health

Tech.eu
Jun 30th, 2023
Statement launches a card payment providers comparison site for UK SMBs, and bags a £1.5 million Pre-seed round

Statement has raised a £1.5 million pre-seed funding round, led by Northzone and includes Notion Capital, Triple Point and TinyVC, with angel investment including Charlie Songhurst, Chris Adelsbach and Chris Mairs.

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