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.

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

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.