A Manchester-based FinTech’s attempt to crack America has received a major boost.
Collctiv was founded in September 2019 by Amy Whitell and Pete Casson to help organisers collect money for the planning of events without ending up out-of-pocket.
Last year they were the only British FinTech in the Techstars NYC Accelerator programme, which took part between November 2022 to February 2023, and launched their product into the US market.
Now the group payment app has been selected as one of five UK small businesses featured in The Department for Business and Trade’s (DBT) highly anticipated LinkedIn docuseries, ‘Big in America’.
The docuseries, which will premiere on September 12, follows Collctiv CEO Amy Whitell on her journey to New York City as she hustles to raise capital for her company’s seed round.
With the help of the DBT and former Uber Eats engineering director Arun Nagarajan, Whitell prepares her pitch to secure funding from a room of angel investors in New York City.
Collctiv is an app that helps group organisers collect money from friends and family in seconds.
Organisers use Collctiv to create and send custom payment links, allowing contributors to send them money using their digital wallet or preferred credit card – without having to download the app, create an account, or share bank details.
Whitell said: “We’re thrilled to be featured in ‘Big in America.’ This is a great opportunity to share our story with a wider audience and to show how we’re helping people in the UK and the US to collect and spend money together more easily.”
Viewers of ‘Big in America’ will witness the importance of building a network of allies and mentors and the challenges of raising capital from American investors.
They will also see how Collctiv is using technology to make it easier for people to collect and spend money together.
Will Collctiv seal the deal with the angel investors? Find out by tuning in to Collctiv’s episode on October 10 on LinkedIn.
Whitell is speaking at TechBlast’s FUEL Manchester event on September 20.
The Department for Business and Trade (DBT) is the UK government department responsible for promoting economic growth and supporting businesses. The DBT works with businesses of all sizes to help them start, grow, and export.