Monva, a UK-based intelligent comparison platform for financial products and services, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £335,000 secured from nearly 450 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.”
Funds from the Crowdcube round will be used to expand Monva’s products and services. Monva is offering 5.01% in equity at a £3,791,653 pre-money valuation through the campaign. The funding round is set to close on Thursday.
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