Technology

Skyscanner for finance Lumio has raised £ 1.1 million and London-based fintech aims to replace financial advisors

LumioLondon-based FinTech aims to be the brain of autopilot-making personal finance and has announced a £ 1.1m seed funding round.

The· investment He came from angel investors such as Matteo Berlucchi, William Frewen, Richard Fearn, Ben Lundie and 1,208 cloud investors. According to the company’s press release, the investment will be used to fulfill its mission to raise funds for one million customers by 2024.

Charlie Richardson, Founder and CEO of Lumio, said: A successful angel investor as a Lumio investor. The funds will be used to achieve product market adaptation, accelerate product intelligence and personalization, and expand Lumio internationally. “

An eye to redefine personal financial management

Founded in 2017 by Charlie Richardson, Adrian Shedden and Tom Richardson, Lumio takes Personal Finance Management (PFM) to a new level by optimizing personal finance.

Claims to be a financial Skyscanner and helps you instantly switch to the best savings and investment accounts on the market. Lumio basically replaces financial advisors (all accounts in one place, providing complete financial status with personalized products, spending and educational guidance).

The company offers all the conveniences of other PFM players (Emma, ​​Yolt, Money Dashboard). And things go a step further by allowing customers to connect their entire financial life, match them to the right products at the right time, and set up autopilot to increase their money with autopilot. ..

Lumio’s central focus is to be 100% committed to becoming the most efficient company in the industry in using data to increase customer money at the right time with the right product. It has emerged as an intelligent and independent app that works only in the best interests of the customer to fully optimize the customer’s money. It works with a vision of the world where everyone has the financial security and security to determine their future.



https://www.uktech.news/news/london-fintech-lumio-funding-20210415 Skyscanner for finance Lumio has raised £ 1.1 million and London-based fintech aims to replace financial advisors

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