Money Dashboard, a UK-based firm that has created a personal finance management app, announced on Monday it has attracted 1,000 investors through its equity crowdfunding campaign on Crowdcube. The company launched the initiative earlier this month, seeking £1 million.
As previously reported, the app notably empowers more than 100,000 users to make better financial decisions and achieve their financial goals. It was revealed that 32 million adults in the UK regularly bank online, but very few feel in control of their financials. Money Dashboard seeks to fill that gap by pulling in bank statement data from any account in the UK and automatically organize the spending data.
“Armed with this insight, alongside budgeting and forecasting tools, customers have the TrueView of their finances, and are able to make better decisions on how to spend their money. The company generates revenue by creating insightful market research from anonymised bank statement data, for example, by helping hedge funds predict revenue announcements of listed companies. Money Dashboard has very quickly gained traction with its target market, and counts the world’s most prestigious asset managers as subscribers.”
It was revealed:
“Having reached the half way point in our campaign, we’ve analysed the data from our first 1,000 investors and want to share some interesting insights as we push on to reach our £1 million target. We’re particularly pleased to have investors from all over the world.”
Check out the infographic that Money Dashboard has provided of the investors. Since its launch, the campaign has raised over £860,000. It is set to close later this month.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!