Money Dashboard has made £4.6 million in the biggest FinTech fundraise on Crowdcube this year.
The Edinburgh-based personal finance firm reached its initial target of £1.5 million in just 45 minutes, topping out at £3.6 million with the support of 3,300 crowdfunders. The additional £1 million investment came from existing backer Calculus Capital and Scottish Investment Bank.
The money will be used to triple the firm's headcount from 20 to 60 and to further develop the app.
The company’s free app connects to over 70 financial institutions, letting users view and manage their financial affairs from a single platform. It generates revenue from using anonymised banking data to produce market research and insights on financial behavioural trends.
Launched in 2010, Money Dashboard now serves more than 200,000 customers, and is aiming to reach one million users by 2024.
In May, it partnered with CoinBase to allow users to see their cryptocurrency wallets alongside traditional financial accounts.
Latest News
-
Gemini to cut quarter of workforce and exit UK, EU and Australia as crypto slump forces retrenchment
-
Bank ABC’s mobile-only ila bank migrates to core banking platform
-
Visa launches platform to accelerate small business growth in US
-
NatWest to expand Accelerator programme to 50,000 members in 2026
-
BBVA joins European stablecoin coalition
-
eToro partners with Amundi to launch equity portfolio with exposure to ‘megatrends’
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories