Team Thrive advised on capital raising

Value: Undisclosed

Area: Finance

Key players: The team advising Team Thrive was led by Ashurst partner Stuart Dullard, with assistance from senior associate Tom McCann and associate Rebecca Karpin.

Deal significance: Team Thrive, also known as Thriday, is the developer of an all-in-one financial management platform for sole traders and small businesses that attaches to a transactional bank account that can automate quotations, invoices and accounting.

Established in 2020, Thriday aims to save small businesses a huge amount of time and money by automating financial administration.

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“Our integrated business account, accounting, tax and lending solution acts as the financial operating system of a business,” the group’s website said.

“In doing so, Thrive automates and simplifies the bulk of financial admin tasks for SMEs, saving time, increasing productivity, improving accuracy and helping SMEs grow and succeed through smarter access to capital.

“It’s like having a bookkeeper, accountant and transaction account all in one.”