# URICA Limited URICA Limited is an Asset Manager based in United Kingdom. ## Overview - **Organization type:** Asset Manager - **Headquarters:** United Kingdom - **Region:** Europe - **Assets under management:** Undisclosed - **Website:** urica.com - **LinkedIn:** https://www.linkedin.com/company/urica-limited ## Regulatory record - **Reports private funds:** No ## About URICA Limited was founded by William Tunstall-Pedoe, a Cambridge computer scientist who previously co-founded Evi Technologies, the conversational AI platform Amazon acquired in 2012 and folded into what became Alexa. URICA emerged from a different insight: at least €300 billion in European SME invoices sit unpaid at any given time, waiting on standard payment terms that stretch to 90 days. Tunstall-Pedoe built URICA to collapse those waiting periods without requiring the supplier to take on debt. The firm operates largely in the United Kingdom and continental Europe, where late-payment culture is pervasive across manufacturing, wholesale, and business-services supply chains. URICA operates an algorithmic supply-chain finance platform rather than a fund structure. The firm does not lend from its own balance sheet; it runs a network that connects approved buyers, their suppliers, and institutional funders. When a buyer approves an invoice, URICA offers the supplier early payment — typically within 48 hours — at a discount calibrated by the buyer's credit profile and the time-value of money. The funders earn a yield derived from that discount, while URICA earns a technology fee. The model is asset-class agnostic at the funder layer: URICA's network can accommodate capital from credit funds, bank treasury desks, or institutional fixed-income allocators seeking short-duration exposure. Public references to specific funders are sparse, though the firm has indicated partnerships with UK-based asset managers in structured trade finance. Exact team size and assets under management are not publicly disclosed. Tunstall-Pedoe has maintained a deliberately low public profile for URICA compared with his earlier AI ventures, which drew extensive press and a known exit value. The firm's recorded address traces to London, though the engineering team has historically drawn from Cambridge's AI cluster — a pattern consistent with Tunstall-Pedoe's own Cambridge Evi origins. No adjacent vehicles, philanthropic foundations, or membership networks are known under the URICA brand. URICA's structural differentiator is its inversion of supply-chain finance risk. Traditional supply-chain finance programs require the funder to warehouse receivable risk until payment maturity; URICA's model distributes that exposure to external funders while the platform concentrates on two things: the credit algorithm that prices each invoice, and the network effects that make the platform sticky for buyers who want to avoid supplier churn. It is a technology company with a finance outcome, not a finance company with a technology veneer. The governance is anchored in Tunstall-Pedoe as founder and technical lead — a structure that resembles a deep-tech startup more than a diversified credit manager. ## Sectors - FinTech - Enterprise Software ## People - William Tunstall-Pedoe — Founder ## Questions ### Is URICA a technology company or a credit fund? URICA is structured as a technology company that operates a payment network, not as a credit fund. It does not originate loans from its own balance sheet. The platform connects buyers, suppliers, and institutional funders, earning a technology fee on transactions rather than a net interest margin. This architecture makes URICA more comparable to a software-enabled marketplace — such as an invoice-trading platform — than to a traditional supply-chain finance desk inside a bank. ### How does URICA source deal flow? URICA's deal flow is generated by the buyers on its network. When a buyer approves a supplier invoice, that approval triggers an early-payment offer through URICA's platform. In essence, URICA's deal sourcing is embedded inside buyer procurement operations — each approved invoice becomes a potential transaction. The network therefore scales with buyer adoption, not with a sales team originating supplier relationships one by one. ### Who funds the invoices on URICA's platform? URICA does not publicly name its institutional funders, but has indicated that the network is designed to accept capital from credit funds, bank treasury desks, and institutional fixed-income allocators. The platform's structure allows funders to select invoice pools that match their yield, duration, and credit-risk preferences. Exact funding relationships and total deployment volumes are not disclosed (per the firm's official communications). ### Does URICA operate outside the UK and Europe? All known operational references place URICA within the United Kingdom and continental Europe, where late-payment culture and regulatory pressure on buyer-supplier terms — particularly from EU Directive 2011/7/EU on late payments — create a structural demand signal. There is no public record of URICA platform operations in North America, Asia, or other regions. ## Related profiles - [Rewardy](https://altss.com/profile/rewardy) - [Reffinance.es](https://altss.com/profile/reffinancees) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/urica-limited Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology