Money Dashboard crowdfunds £2 million in 24 hours –
Summary
Money Dashboard, the personal finance app, raised more than £2 million within 24 hours yesterday after launching Scotland’s biggest fintech crowdfunding exercise privately to its user base. The Edinburgh-based company, now valued at £21m, smashed its initial target of £1.5m within 45 minutes and over the course of the day saw 1,037 users invest in the business. It generates revenue from insightful market research based on anonymised banking data. We’re raising funds to support our growth plans, which include increasing the size of our team from 20 to 65 staff, allowing us to reach one million users in five years and growing our revenues exponentially.” Mark Horrocks, chairman, said: “The last few years have brought an explosion in UK fintech, and the adoption of digital money managers across the space has never been stronger. “As consumers, personal finance has become a mainstream part of our public conversation and people are now searching in high numbers for ways to be more savvy with their money and improve their financial situation.
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