Monva, a UK-based intelligent comparison platform for financial products and services, has surpassed its initial £200,000 funding target through its latest equity crowdfunding campaign on Crowdcube. The company launched the funding round earlier this month and has so far attracted more than 380 Crowdcube investors.
As previously reported, monva is on a mission to “reimagine” how everyone compares and buys products and services by removing the “friction” involved in buying financial services and utility products, using customer’s data for good, and automating mundane tasks. The company will use the data to help with the following:
- Personalize ongoing offers through your account dashboard and mobile app
- Intelligently update your financial offers, helping you to be proactive by enabling faster switching using the data you have already provided
- Automatically complete credit card searches in just 10 seconds
While sharing more details about the company’s products, CEO of Monva, Steve Wiley, recently stated:
“Our smart technology and money saving assistant, Mo, represent the biggest advancement in the industry yet. Our aim is to serve not only those who use comparison today, but also those who have been put off from making important financial decisions and the potential of saving money by using services promoted by gimmicks that do little to support the customer.”
In regards to the company’s progress, Wiley added:
“Since our last raise in May 2020, MONVA has made incredible progress. We have hired several senior specialists; built partnerships with key brands to enable extensive product coverage across credit cards, loans and energy; and built key elements of our technology, launching into energy and credit card switching markets. We’re excited about the huge opportunity ahead of us to continue building MONVA and developing a next generation price comparison service for our users.”
Monva is now offering 5.01% in equity at a £3,791,653 pre-money valuation through the campaign. The funding round is set to close next week.
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