One of the co-founders of Funding Loop is a hands on nursery owner in addition to his day job in IT. Over the years he found the process of claiming early years funding to be incredibly onerous, requiring either a great deal of the nursery manager's time or often having to bring in temporary staff to help manage the process.
Drawing on their IT experience, he and the other founders set about improving the process for nurseries and parents alike by putting everything online, stored securely in the cloud, and automating as much as possible.