Overview & Highlights

  • Dynamic cashflow management solution for businesses operating in the digital economy
  • A unique solution to target a £570bn European market *
  • Raising funding to implement an aggressive growth strategy and deliver breakeven by year 3
View restricted documents Stroke 1

Please note that Vala does not approve or review Restricted Documents.

Revving is a revolutionary fintech providing transformational cashflow management solutions for online trading businesses.

£363,000 raised

£130,000 target

Online trading businesses such as mobile games, music or retail goods companies can often wait up to 90 days or more to receive payment for purchases made through third-party platforms (e.g. app stores, music streaming services, e-commerce marketplaces). These revenue streams often comprise high volumes of small payments in multiple currencies, making the task of managing cashflows to fund business operations and invest in future growth challenging. 

Revving provides a full solution that can be tailored to each customer’s requirements: 

-proprietary technology to connect directly to third-party sales platforms to capture and accelerate payments in real time

-currency accounts and FX management tools to dynamically manage payments in multiple currencies.

-payments hub enabling bulk local and international payments 

This is a £570 billion opportunity in Europe, which Revving will target through its extensive network of direct relationships and its partnership with an award-winning European currency management platform. 

Revving was founded in 2019 by Chris Pettit and David Mandeno. Chris (CEO) provides 20 years’ experience as a financier entrepreneur in media and technology, complementing David’s 15 years’ experience in corporate finance and business strategy and execution.

Their senior team also includes: Jasper Smith, a highly experienced and successful entrepreneur who has led, built and sold multiple large media and technology companies over a 30+ year career, Paul Duncan (CTO), a highly experienced technology executive in regulated Fintech companies including as CTO of Borro and Toby Norfolk-Thompson who has extensive experience in trading fixed income and risk management of receivables financing and corporate lending facilities in senior roles at Barclays Bank. 

Revving is currently raising funds for full launches in the UK, Dutch and Spanish markets in early 2022.

*2021 European E-Commerce Report, Centre for Market Insights

Revving team

Vala team

Jonathon Spanos

Find out more Stroke 1
Invest now Stroke 1

Please select the documents you would like to download.