Money Dashboard crowdfunds £2 million in 24 hours

Money Dashboard, the personal finance app, raised more than £2 million within 24 hours yesterday after launching Scotland’s biggest fintech crowdfunding exercise privately to its user base.

The Edinburgh-based company, now valued at £21m, smashed its initial target of £1.5m within 45 minutes and over the course of the day saw 1,037 users invest in the business. The cash call on the Crowdcube platform is now open to the public.

Money Dashboard’s management app helps more than 200,000 people handle their finances. The app connects to over 60 financial institutions. It generates revenue from insightful market research based on anonymised banking data. This gives data clients critical insight into how businesses, such as Deliveroo or Uber, are performing.

To read more, click here.