Edinburgh FinTech Money Dashboard raises £4.6m
Edinburgh-based FinTech firm Money Dashboard has raised £4.6m in its largest raise to date.
The firm crowdfunded the investment from thousands of investors, and will use the new funds to power a drive to acquire more users, and begin plans to triple its Edinburgh-based team from 20 to 60 staff.
Its app offers access to over 70 financial institutions, allowing its users to manage and track all of their accounts through a single app.
To date the firm has helped over 200,000 users.
Luke Lang, co-founder of Crowdcube, said: “Money Dashboard's vision to help people better manage their money has once again resonated with many of our investors. It's fantastic to see an innovative business connect their community, fuel their growth and take those investors, in this case, on their journey to create a fairer financial landscape.”
Steve Tigar, Money Dashboard's chief executive officer, said: “We’re absolutely thrilled to have secured this latest round of funding, particularly with the backing of over 3,000 people who share our vision. We are now equipped and ready to help people from every walk of life master their money.”
Kerry Sharp, director of the Scottish Investment Bank, said: "Having supported Money Dashboard from an early stage, it is great to see the business raising the funds required to implement the next stage in its growth.
"The fintech sector is a key industry in Scotland’s economy and we look forward to continuing to work with the company, both from an investment perspective and through our account management support, to deliver its long-term growth ambitions.”