Earlier today, Innovate Finance announced its annual Women in Fintech Powerlist that recognizes women changing the world of finance. As part of this list, Innovate Finance highlighted a group of “Standout 35 Stars.” As we just found out, one of these Fintech Stars is crowdfunding now on Seedrs.
Lifetise, a financial planning platform that helps people afford things like buying a home, having kids, getting married and retirement. Pretty important events in a thing called life.
Lifetise has started with two distinct verticals: Homefinder and Childminder. Both do what you may expect. Homefinder helps you to understand how much home you can afford to buy and Childminder calculates the cost of childcare.
The platform is adding more features and functionality as it aims to become the “Sims for your real life.”
Lifetise was selected for Accenture’s Fintech accelerator program in 2019 and the company says it is in talks with a major UK bank to license its services.
“Each year, the Powerlist gains more visibility and prominence in the industry. I’m thrilled to be recognised as a rising star in the Fintech world among so many other great women changing the face of financial services. In Lifetise, I’m building a financial planning platform that reflects women’s financial lives, as well as men’s. This shouldn’t sound revolutionary in 2020, but it is and it creates a huge opportunity to grow the market by making financial services more relevant to women.”
Hughes added that a key theme of the Powerlist is aiding women-led Fintechs in gaining access to capital. As Hughes is currently raising growth capital on Seedrs – here is your chance to back a prominent Fintech entrepreneur and help fulfill Innovate Finance’s broader mission.
So what do you get if you invest in Lifetise?
The securities offering is seeking £250,000 for a 5.88% equity stake in the firm. The pre-money valuation has been set at about £4 million. As of today, Lifetise has raised £163,000 from 22 different investors.
Hughes said that crowdfunding is a key part of her ambition to help millions of people:
“We’re really invested in helping people work out what to do with their money at every stage of their lives, so we’re with them for the long-haul! We want our customers to be able to own a piece of Lifetise and share in our successes. I want our investors to be a diverse group of people that reflects our customer base. Crowdfunding is perfect because you can invest from as little as £10, so it opens it up to everyone.”
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