Nutmeg, Interview with CEO Nick Hungerford
Summary
We are proving to the wealth management industry there is a better way – one that is focused on what the customer genuinely wants, embraces technology and is scalable because of the efficiencies an online model can offer.In the same way as Amazon revolutionised book and music sales, and Expedia turned the travel agency business on its head, Nutmeg is transforming the world of investing.Nick: We raised a total of $32m in that funding period, with shareholders including Schroders, Balderton Capital and Carphone Warehouse founder Sir Charles Dunstone (read here).The government has delivered a number of initiatives to help engender innovation in small and medium-sized businesses in the UK, especially in London, and at the same time the financial technology sector has been blossoming.It’s all fantastic brilliant news for the consumer as, finally, companies are actively trying to provide high-end, transparent financial management at a price that’s fair and easy to understand.