£2m crowdfund expected
Money Dashboard plans biggest fintech cash call
Steve Tigar: seeking fresh funds
Personal finance management app Money Dashboard is expected to raise up to £2m in what it claims is Scotland’s biggest fintech crowdfund exercise.
The Edinburgh-based firm, which is backed by Calculus Capital, will unveil details of the cash call via the Crowdcube platform next week. It has raised more than £7m in several fund raising campaigns since its launch in 2010.
The company has a strategic partnership with price comparison site GoCompare and data-sharing partnerships with challenger banks Monzo and Starling Bank.
Money Dashboard has hired Peter O’Higgins, the former CFO of challenger bank Revolut. to lead the finance and operations function and support the next growth phase.
Money Dashboard chief executive Steve Tigar said: “Peter was part of Revolut’s top team and saw the business grow from 200,000 to over 4.5 million users during his three-year tenure.”
Fintech Scotland chief executive Stephen Ingledew said: “The Scottish fintech scene is booming. In the past year alone, the number of fintechs operating in Scotland has trebled.
“Money Dashboard’s appointment from a London-headquartered fintech is a strong signal that Edinburgh and Scotland more generally is a fintech hub to be reckoned with.”