twentyone has become the latest exciting startup to call Manchester home. The B2B financial services provider’s decision to launch operations in the thriving tech hub signifies the continued forward momentum of the city’s fintech scene.
The innovative business, which is part of the AAO Holdings group, has been built from the ground up to provide a tech-first response to the long-standing pain points commonly felt around B2B finance. Adaptive and efficient, twentyone’s powerful platform is enabling companies across a myriad of sectors to achieve more time and cost-efficient business finance management, while providing much-needed new options to underserved businesses.
In doing so, twentyone is helping to simplify the management of business finances in a moment of economic uncertainty, allowing companies to focus instead on areas where they can deliver more value. The transformative solution leverages true technological innovation to greatly expedite new user sign-ups, while providing exceptional anti-money laundering, know-your-customer and know-your-business checks to fortify this process.
The company’s decision to launch in Manchester is part of its long-term, sustainable growth plan. Working from a modern and dynamic headquarters office in Spinningfields, twentyone’s driven team is constantly growing, and is expected to reach 150 in the next year. The company’s arrival has been met with enthusiasm by local residents, as well as the city’s council, with expectations it will stimulate further economic growth in the area.
To this end, Manchester’s tech scene has gone from strength-to-strength in recent times, with companies in the region raising a record £532 million in funding through 2022. Remarkably, this figure represents a 50% year-on-year increase from 2021, despite a pronounced downturn in tech funding globally. Therefore, it’s little surprise the metropolis is widely considered the UK’s top digital tech city, making it the right choice for twentyone.
Speaking on the company’s decision to launch in Manchester, twentyone’s CEO and co-founder, Danny Brewster commented: “Manchester is an attractive proposition for any tech company, owing to its thriving digital ecosystem and the relatively low costs associated with rents and other business expenses in this area. However, for twentyone, the connection with the city goes much deeper and relates to our shared sensibilities and ethos.
“Manchester is a city built on inclusivity, empowerment and a desire to continually progress. We see twentyone in a very similar light. Ultimately, the values we have built this company on align perfectly with the city, which made it the obvious candidate when choosing our new home. We now look forward to taking our place in Manchester’s exciting tech and fintech scene, and to bringing our flexible, tech-first solution to market.”
twentyone is now pushing ahead with its go-to market plan, with the company’s application expected to launch in Beta at the beginning of May, with a full launch coming in the summer. The company’s team of expert engineers and developers are currently in the process of finalizing the innovative application prior to launch. Until then, businesses and enterprises interested in learning more about twentyone’s platform can do so via the company’s new website.
For more information about twentyone, please visit: https://twentyone.money/
