3 companies have been named the most exciting and innovative early-stage tech companies in Wales

Tech Nation has listed We Build Bots, Moneyshake and Resooma among its 33 regional ambitious tech entrepreneurs.

3 Welsh Firms

Original article published on Business Live.

Thirty-three of businesses have been named as the most exciting and innovative early-stage tech companies in the UK, with three from Wales.

Tech Nation, a UK-wide network for ambitious tech entrepreneurs, revealed the regional winners of its nationwide competition.

We Build Bots, Moneyshake and Resooma have been announced as Wales’ regional winners.

Tech Nation claims Rising Stars is the UK’s only truly national early-stage tech scaleup competition, and it is designed to help the most exciting early-stage tech companies take their business to the next level and become the world-leading tech companies of the future.

Now in its second year, demand for the competition from early-stage founders has seen a 39% rise in applications compared to 2018, demonstrating the value the Rising Stars competition holds for founders at this critical stage of growth.

Gino Brancazio, entrepreneur engagement manager, Wales, Tech Nation commented: “The calibre of tech companies that are going from start-up to scale-up in Wales is making our nation known for being one of the best places to start and grow a tech company. This can be seen not only from the numerous awards that Welsh companies are bringing home, but also from success of companies that are starting to make their mark on the national and international market.

"This year, a record number of companies from across Wales have applied for Rising Stars and I’m very excited to see that We Build Bots, Moneyshake and Resooma will be on stage representing Wales in the regional finals.”

Tech Nation found the average age of a company entering the competition was 2.2 years, with six employees, and 33% of companies have a female founder/co-founder.

We Build Bots and Resooma are both Cardiff-based businesses, while Moneyshake is located in Newport and Newcastle-under-Lyme in North Staffordshire.

We Build Bots delivers AI powered automation to the public sector, looking to help organisations deliver better, faster and cheaper citizen services. Leveraging bots, voice and conversational analytics, they help the public sector make better use of the data they collect, making it more predictive and more productive.

Resooma is the first subscription-based, end-to-end rental platform designed around the needs of the tenant. The platform uses technology which enables tenants to search, view, secure and manage their home, taking the stress out of renting.

The Car lease comparison website Moneyshake is focused on aiming to provide a quick, easy-to-use UX experience which streamlines deals from some of the UK’s top leasing brokers. 

Three further Welsh companies were highly commended; Disberse, Simply Do Ideas, Coincover.

Mike Jackson, Entrepreneur Success Director, Tech Nation, commented: “The Rising Stars regional winners announced today are testament to the UK’s exceptional tech sector, and demonstrate that there are hugely exciting tech companies across the entire nation. Rising Stars is an excellent platform for early-stage tech companies to build their profile as they look to scale their businesses and support the UK in maintaining its position as a world leader for producing successful tech companies.”