Keebo Raises £5M in Seed Funding
Summary
Keebo, a London, UK-based credit card approved by the FCA which uses open banking data, closed a £5m seed funding. The company intends to use the funds to hire new people and continue to develop the platform towards launch. Founded by Michael Vanaselja (CEO) and Matthew Hallett (CTO), Keebo offers a credit card and mobile app that empowers users to build their credit, whilst also developing financial stability and personal growth. Every transaction made with a Keebo card – and all linked accounts – feeds into the company’s underwriting technology to give users a true understanding of how they are building towards their life goals on a daily basis. In addition to this seed round, Keebo has been awarded three technology grants by the UK government for developing its financial modelling, including Innovate UK’s Fast Start grant for cutting-edge start-ups.