Purple Dot, a payment option for the fashion industry, has raised £1.35mn in its seed round.  

In Brief:  

• The FinTech aims to reduce stock wastage in the fashion industry.  

• It enables users to request an item mid-season at a lower price, called ‘worth the wait’.  

• The round was led by Connect Ventures.  

What does this mean? 

The FinTech was founded last year by ex-Skyskanner staff. It wants to help fashion brands tackle the waste problem and traditional sales tactics.  

Read more here.