UK FinTech ikigai has raised £1.9 million to help fund its digital banking and wealth management app.

According to the company, which said that the campaign was overfunded by 158 per cent, it is the first premium British FinTech to combine digital banking with wealth management in one application.

The business previously raised £2.2 million from private and angel investors in a pre-seed round completed in 2020.

“The success of the Crowdcube campaign has demonstrated an appetite to align premium financial services with the digital world, especially when it comes to combining everyday banking with Wealth management,” said Maurizio Kaiser, co-founder of ikigai. “The one-size-fits-all does not resonate for the growing number of young people who are seeking a financial partner where they feel valued and heard."

Kaiser added: “This demographic is demanding a certain level of experience from its bank; one that educates on the purpose of wealth management in a safe, technologically secure, and practical manner - without compromising on the high tech and high touch personalised service.”

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