From feft: Conor Moules and Glenn McGoldrick, co-founders of Barespace. Image: Conor McCabe Photography
Barespace Capital’s new system gives salon owners direct access to growth funding through the platform they already use.
Start-up Barespace, an Irish AI-powered OS provider for the hair and beauty sector, has launched Barespace Capital, an embedded finance platform enabling salons to access funding within already utilised platforms.
Barespace and Barespace Capital aim to follow a shift towards embedded finance across vertical SaaS platforms. According to Barespace, the hair and beauty sectors often deal with traditional lenders who struggle with risk assessment and variable cash flow, as standard finance systems often rely on documentation and processes designed for other types of business.
Established in Dublin in 2022 by co-founders Conor Moules and Glenn McGoldrick, Barespace works with more than 300 salons across Ireland, the UK, France and Spain, and recently secured significant seed funding of €2.9m to support further expansion.
