FROST HEATS UP THANKS TO EXCEPTIONAL FUNDRAISING CAMPAIGN

Digital account provider, Frost has confirmed that it has exceeded its fundraising target on crowdfunding platform, Seedrs. Over a four-week period, the Manchester-based startup has raised a total of £1.87 million.

By reaching its sizeable funding target nine days ahead of schedule, <a href="https://fro57.app.link/aAEQxopttzb">Frost</a>’s Seedrs campaign has reaffirmed the growing demand for tech-forward solutions, which can help individuals to get a better grip on their bills amidst the ongoing cost-of-living crisis. The next-generation digital account uses intelligent automation to connect users to utility providers, enabling them to save an estimated £1,000 per annum on household bills.

Altogether, 184 investors have contributed to Frost’s campaign since it launched on the 27th of March. In total, the company is issuing  12.12% equity to those who have invested through the crowdfunding platform. The company, which prides itself on its user-friendly platform is fully FCA-authorised as an electronic money institution and has already processed over £20m of transactions for its users.

Frost has further underlined its commitment to continued forward momentum with the announcement of its new Broadband Switching feature coming later this month and its status as a certified CarbonNeutral® company. Now, with the backing of new investors via Seedrs, the company can continue to progress along its exciting business roadmap, ultimately giving users even more power to conquer their finances. 

Because of its intuitive, and easy-to-understand dashboard, Frost removes many of the stresses associated with previous digital account providers. The company’s platform enables users to get a better grip on their financial in-goings and out-goings, while facilitating quick and easy payments. Additionally, thanks to its status as a principal member of Visa, Frost can provide its users with a dedicated Visa Debit Card associated with their accounts.  

However, what really sets the company apart is its automated and intelligent, Save Assist feature that leverages data to help users save considerably on essential household bills. As well as providing more transparency on household utility prices, Frost’s timely solution gives users the option to quickly compare the associated carbon footprints of different providers, enabling users to make more informed, sustainable, and cost-effective choices.
Speaking on the company’s successful Seedrs campaign, Pawel Oltuszyk, co-founder and CEO of Frost commented: 

<blockquote>“We’re proud to see our latest fundraising campaign completed ahead of time, and above target. In working alongside Seedrs, we’ve had the opportunity to introduce our company and its platform to new audiences and new investors, all of whom seem very impressed with what we have to offer.

“Now our focus shifts to utilising this raise in a manner that delivers extra value to our customers, as well as our investors. Across Britain, everyone is worried about the cost-of-living crisis but tools like Frost are helping to give individuals more power to fight back. Thankfully, this latest raise puts us in an even better position to go further in that effort and ultimately in helping more people deal with the economic realities of today.”</blockquote>
For more information about Frost, please visit: <a href="https://frost.app/">https://frost.app/</a>

FROST HEATS UP THANKS TO EXCEPTIONAL FUNDRAISING CAMPAIGN

FREEZING EMISSIONS: FROST GOES CARBON NEUTRAL AHEAD OF FUNDRAISE

E-money account provider, Frost has announced its CarbonNeutral® certification as part of the company’s move towards Net Zero. The news comes as Frost launches its latest fundraising round on equity crowdfunding platform, Seedrs. 

<a href="https://frost.app/">Frost</a>, is a Manchester-based Fintech which is helping to tackle Britain’s escalating cost-of-living crisis. It does this by leveraging data access through intelligent banking to help its users save up to £1,000 per annum on essential household bills. The socially conscious business will offset its carbon emissions through a range of green initiatives, including tree planting. 

The CarbonNeutral® certification, which is delivered through the Climate Impact Partners represents the global standard in transparent carbon neutral performance. For over 20 years, the scheme has helped companies to better define, measure, target and reduce their carbon emissions. By signing up to the protocol, Frost has underlined its commitment to this important cause at an early stage of its business development.  

The latest announcement forms part of the company’s exciting roadmap for 2023, which includes the launch of a fundraising round on equity crowdfunding platform, Seedrs. Since early March, Frost has invited investment through the Seedrs network, as it looks to scale its next-generation, FCA-authorized digital account. In total, the company aims to raise £1,725,000 within the next 30 days as part of this investment drive.  

Frost’s easy-to-use comparison feature gives users the option to quickly compare the associated carbon footprints of different utility providers, as well as their prices. By offering transparency on green-related metrics, Frost aims to inspire its customers to follow in its own footsteps in relation to meaningful carbon footprint reduction. The company’s ambition is to help its customers to save time and money, while doing their part to help save the planet. 
Speaking on the latest announcement, Pawel Oltuszyk, co-founder and CEO of Frost commented: 

<blockquote>
“One of our aims at Frost is to improve the lives of people around the world in a sustainable manner, which is why today’s announcement is so important to our growth. We may be a relative ‘newcomer’ in the world of Fintech, but we’re already showing we want to lead the sector on responsibility and accountability around carbon-related performance.
“This move towards CarbonNeutral® certification perfectly aligns with the broader vision of our business and is just one of the climate-related initiatives we’re spearheading through our platform. As we continue to add to our service, green product developments remain at the forefront of our mind with exciting new announcements expected imminently. Those interested in these developments should follow our <a href="https://www.seedrs.com/frost-money/coming-soon">Seedrs page</a> to stay up to date.”</blockquote>
Frost’s platform is helping to put power back into the hands of consumers when dealing with utility bills, at a time when they most need it. The company’s innovative Save Assist feature runs automatic tariff comparisons across multiple providers and price comparison websites, to find customers the best price, and has been proven to save users up-to £1,000+ on household expenses, while also helping to reduce carbon footprints by alerting consumers of greener tariffs.

For more information about Frost’s Seedrs campaign, please visit: <a href="https://www.seedrs.com/frost-money/coming-soon">https://www.seedrs.com/frost-money/coming-soon</a> 

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FREEZING EMISSIONS: FROST GOES CARBON NEUTRAL AHEAD OF FUNDRAISE

Frost looks ahead to next round of investment after successful summer of fundraising
Following its springtime launch, Frost successfully completed a seed funding round in July and is ready to progress with the next stage of developing its e-money platform.
MANCHESTER; Monday 26th September, 2022 — Frost, the e-money institution helping people take back control over their finances, has embarked on the next stage of its growth journey following a successful summer of fundraising. Since launching in May 2022, the innovative e-wallet provider has raised £1.1 million. Notably, in July the business closed a major seed funding round with key investors and additions to the team.
As part of the seed round, Andrew Jennings, Managing Director of Osun Capital has joined Frost as Chief Strategy Officer and will work closely alongside co-founders Pawel Oltuszyk and Edyta Sliwinska to further drive the company’s exciting development plans. Specifically, Andrew is working to guide the company’s fundraising efforts whilst also supporting the broader Frost team to improve the functionality of its app, as well as helping to attract future investors.
Speaking on his decision to join Frost’s team, Andrew commented:

<blockquote>
“I invested in Frost for two key reasons: the product, and the founders. From a product perspective, Frost helps customers to save time and money, allowing them to seamlessly switch household utility providers within the app. As founders, Pawel and Edyta have a proven track record and have personally funded Frost in its entirety from concept until launch – something which is highly unusual in fintech.”
</blockquote>
Frost’s July funding round has helped it to quickly gear up for the next stage of growth, enabling the company to take on more developers, as well as providing staff with the tools to further elevate service levels. With a whole host of new capabilities in the company's roadmap, including Google Pay as an additional payment method, and video verification to speed up the onboarding of new customers, Frost is already in a position to seek further investment and is aiming to launch a new fundraising round in autumn.
At the same time, the company continues to work towards its plans  to reach net zero carbon emissions. As an e-money institution startup, Frost is uniquely placed to challenge the big players in this field. The company already has initiatives underway to bolster its eco-friendly practices. Notably, these measures include manufacturing the company’s physical card from recycled plastics, as well as offering user insights into the relevant green credentials of different utility providers.
Speaking on the company’s recent developments, Pawel commented: 

<blockquote>
“I’m delighted to have Andrew join our team. His wealth of experience will prove invaluable in our fast-growing fintech startup. With our first funding round now closed and some amazing investors on board, we’re perfectly positioned to make a real difference to the financial wellbeing of our existing and future customers. There are some super exciting things coming up in the future and I can’t wait to deliver them as we continue to sharpen the environmental focus within Frost.”
</blockquote>
Underpinning Frost’s future plans is its core mission to help users save time and money through intuitive spending insights and money-saving tools. In looking to meet this overarching ambition, the company is encouraging any interested parties to invest in its next fundraising round, which is slated for autumn. Those interested in finding out more about the opportunity should contact Andrew Jennings.
- ENDS -
NOTES TO EDITOR:
About Frost:
Frost is an innovative e-money account that helps busy people conquer their finances, with a service that makes everything simple. Using the Frost app, individuals are able to receive real-time updates and notifications on their spending, giving them more control over their money and full visibility over any funding goals. Learn more at <a href="http://frost.app/" data-saferedirecturl="https://www.google.com/url?q=http://frost.app&amp;source=gmail&amp;ust=1664356710013000&amp;usg=AOvVaw3HpxCaH9a7zw9X82uli7A_">frost.app</a> and follow Frost on Instagram at @frost_app

FROST RAISES £1.1 MILLION ALL ANGELS INVESTMENT THROUGH MAJOR SEED FUNDING ROUND

Frost is a next-generation, CarbonNeutral® certified digital account ​designed to help customers save time, money, and the planet.
We recognise the rising cost of living and share people’s motivation to positively impact the environment. That’s why we make it easier for our users to manage their money more sustainably. 
On our easy-to-use app, users track their spending, compare tariffs, and discover how green their current providers are. Intelligent automation and intuitive features do all the heavy lifting, offering an educational edge that puts people back in control of their finances – all while doing their bit for the environment.

Frost

Frost is a next-generation, CarbonNeutral® certified digital account ​designed to help customers save time, money, and the planet.
We recognise the rising cost of living and share people’s motivation to positively impact the environment. That’s why we make it easier for our users to manage their money more sustainably. 
On our easy-to-use app, users track their spending, compare tariffs, and discover how green their current providers are. Intelligent automation and intuitive features do all the heavy lifting, offering an educational edge that puts people back in control of their finances – all while doing their bit for the environment.