Catching up with Irish start-up Trezeo

Trezeo pitched at The LIBS Deloitte Digital Search: Finding the hottest Irish tech start-ups 3.0 in September last year and Conor Redmond recently caught up with CEO & Co-founder Garrett Cassidy to find out how Trezeo have got on since the event.

CR: First of all, can you remind us all what Trezeo does?

GC: Trezeo is the only business account that addresses income volatility by smoothing customer income across slow and busy periods, helping the self-employed automatically save for holidays and rainy days, and get overall visibility of their income. As well as enabling the self-employed to look beyond their next pay cheque, will also provide access many financial products that employees take for granted, like insurance, pensions and even mortgages in the future.

 

CR: How did pitching at Libstech3.0 last year help?

GC: Pitching at LIBS was our first public outing in London, the opportunity to pitch and talk about Trezeo in a relaxed environment was great preparation for future events. We met lots of people and made great connections with potential investors, partners and many others who simply want to help Irish start-ups get established in London. Finally, you yourself helped us a lot by testing the Trezeo app and introducing us to Sabya, who joined us as Risk Manager in London.

 

CR: What’s happened at Trezeo since the event?

GC: In the weeks following the LIBS event, we went on to win the Payments Dragon’s Den pitch competition at PayExpo Europe in London and NDRC’s investor day in Dublin. We have also made great progress in the business and key highlights include:

  • Getting Trezeo live in the Appstore and Google PayStore and signing up our first pilot customers.
  • Doubling our team with two key hires in our new London office at TechHub Moorgate. Sabya Mukherjee joined from the British Business Bank as Risk Manager and Alysia Wanczyk joined from Seedrs as Head of Marketing.
  • We have been approved by the FCA as a registered payment institution and are finalising our consumer credit authorisation.
  • We have continued to engage with potential partners and two leading operators have agreed to support pilots with their drivers in the coming months while discussions are ongoing with other major platforms.
  • We have also continued to be recognised by the industry, we won the Financial Inclusion prize at the Innovate Finance Global Summit in London and were finalists in the Temenos Innovation Jam at their global customer conference in Dublin.

 

CR: What’s next for Trezeo?

GC: A key milestone coming up is finalising our consumer credit authorisation with the FCA so we can release our full product on invite-only basis to customers on our waitlist and via the partnership pilots we have agreed.

We are also fundraising and as part of this we are currently crowdfunding on Seedrs.  If you like what we’re doing and want to help an Irish start-up deliver the financial security that the growing number of self-employed deserve then head over to https://seedrs.com/trezeo and check out our crowdfunding campaign or reach out to me directly.

 

CR: Thanks Garrett, good luck with Trezeo and we look forward to following your progress. Our LIBS members can catch up on the event here to familiarise themselves with Trezeo's pitch and some of the other startups who featured.

Pictured above: The Trezeo team - Alysia Wanczyk, Head of Marketing; Flavien Charlon, CTO & Co-Founder; Garrett Cassidy, CEO & Co-Founder; Sabyasachi Mukherjee, Risk Manager