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Urgent Investor Update & Rescue Funding Round

  • Writer: Stephen Clark
    Stephen Clark
  • Jul 7
  • 3 min read

Dear Investors, thank you once again for your continued belief in Frenzi and our shared vision for a fairer, more sustainable ride-hailing platform. Thanks to your support, we’ve made major progress — both of our apps are now live, we’ve secured our first operator licence, and we’ve begun onboarding thousands of drivers across the UK.


We’ve also formalised a landmark partnership with GMB Union, significantly strengthening our position in the market. However, I must be completely transparent: without urgent additional funding, the business will be forced to consider entering liquidation — a scenario that risks impacting both your investment and the status of SEIS/EIS relief for those still awaiting certification.

Where We Are Now

Frenzi Platform Live on iOS & Android

Both apps have launched and are available for download:

Traction to Date

  • Over 10,000 drivers have begun onboarding via the app or website

  • Several hundred rider downloads

  • Ongoing daily onboarding and support activity


Licensing Update

  • North Yorkshire: Operator licence granted

  • Leeds, Wakefield, and Bradford: Applications submitted and awaiting approval

GMB Union Partnership

We are proud to have signed a Memorandum of Understanding (MoU) with GMB Union, one of the UK’s largest and most respected trade unions.

  • Over 600,000 members across the UK

  • More than 110,000 private hire drivers represented

  • Longstanding negotiation history with platforms such as Uber and Bolt

This relationship gives Frenzi increased visibility, credibility, and a trusted partner as we expand.

Why Emergency Funding is Required

Despite positive progress, we are now facing a critical short-term funding gap due to:

  • App development delays, increasing external and internal costs

  • Expanded internal team for onboarding, support, and operations

  • Licensing fees across multiple local authorities

  • Marketing and launch expenses, including high-volume vehicle stickers

  • Early-stage rider acquisition spend

  • Regulatory and legal overheads tied to licensing and union compliance

Without immediate funding, the business may have no option but to enter liquidation. This would severely jeopardise investor value and may affect SEIS/EIS eligibility for those still awaiting confirmation from HMRC.

Emergency Share Offer – £1 per Share

To avoid this outcome, we are offering a limited rescue round at £1 per share, open to existing investors. We are no longer working with brokers, so 100% of funds raised will go directly to Frenzi, ensuring maximum impact.

This round will enable us to:

  • Fully activate our North Yorkshire operations

  • Launch services in Leeds, Wakefield, and Bradford

  • Scale rider acquisition in live areas

  • Maintain operational stability and support functions

  • Continue product development and growth

 

SEIS/EIS Documentation

We understand some investors are still awaiting SEIS or EIS documentation. Our accountants have submitted all required filings and are actively chasing a response from HMRC. While we remain hopeful for a resolution, we cannot guarantee the outcome if the company ceases trading before certificates are issued.

Our appointed accountants are available to assist directly if needed:

Robert Lewis Accountants – Stevenage Office Building 18, Arlington Business ParkGateway 1000, Whittle WayStevenage, SG1 2FP

Please let us know if you would like us to facilitate an introduction.

Looking Ahead

With the apps live, licensing underway, GMB backing confirmed, and over 10,000 drivers onboarded, we are in a stronger position than ever. We firmly believe that with this final round of support, Frenzi is no more than six months away from becoming self-sustaining through ride revenue and continued growth.

If you would like to speak with Steve directly about the round or ask any questions, please reply to this message and I will arrange a call at your convenience.

Thank you again for your support and belief in what we’re building. The opportunity remains — but the window to secure it is now.


Yours faithfully, Stephen Clark Founder & CEO Frenzi Apps UK Ltd 📧 steve@frenziapp.co.uk


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