Biggest Crowdcube deal
Money Dashboard to triple staff after crowdfund raises £4.6m
Steve Tigar: ‘we’re ready to help people from every walk of life’
Money Dashboard has raised £4.6 million from 3,300 backers in the biggest FinTech fundraising exercise on Crowdcube this year.
Existing investors Scottish Investment Bank and Calculus Capital also invested in the Edinburgh company’s latest cash call.
The company reached its initial target of £1.5 million in under 45 minutes and the new funds will help the firm triple its payroll from 20 to 60.
The firm’s money management app helps more than 200,000 people and is connected to about 70 financial institutions.
Luke Lang, co-founder, 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, CEO 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 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.”