Boost for fintech sector as Money Dashboard raises additional £2.5m

Scottish personal finance platform has secured £5.2m total investment in the last 12 months

Edinburgh-based finance platform Money Dashboard has announced a fundraise of £2.5m led by Calculus Capital, taking its total investment over the last 12 months to £5.2m.

Julie Meyers’Ariadne Capital, Par Equity and The Scottish Investment Bank also participated in the latest round.

Launched in 2010 and re-launched in 2012, Money Dashboard seeks to help people take control of their finances and make the right financial decisions without “having to work hard for the privilege” – letting consumers view and manage all of their accounts in once place.

The start-up says that, within the last two years alone, it has grown by 300% and has facilitated £10bn worth of transactions on the platform.

It intends to use the latest investment to enhance its mobile offering and add new features to help consumers budget; including a new system for money saving offers and new ways of analysing consumer data.

Money Dashboard CEO, Gavin Littlejohn, said:  “We have grown rapidly over the last few months, as more and more people experience how easily they can take control of their finances when and where ever it suits them. This latest round of funding reflects the huge potential of the business and we are really excited about expanding our services and reach over the coming months.”

Richard Moore, Calculus Capital investment director, added: “Money Dashboard is in a unique position to tap into the growing desire of consumers to more easily take control of their finances. It has a strong vision of how the market will continue to develop and we believe in that vision.”

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