4 years ago

ilumoni Launches AI-Powered Borrower Wellbeing App After Securing £1.63 Million Funding

  • ilumoni, a UK-based fintech startup, has launched its AI-powered borrower wellbeing app after securing £1.63 million in funding

  • The app uses open banking, credit and market data to provide users with a clear picture of their debt and offers insights on how to improve their borrowing options

  • The funding will support product development, marketing, and expansion

  • ilumoni was founded by Gary Wigglesworth and Jonathan Corner in 2019 and has previously raised £340K in pre-seed funding from Move Ventures and angel investors.

      • ProblemFinancial Services

      "UK borrowers find it difficult to understand and manage their debt, leading to financial anxiety and poor decision-making."

      Solution

      "Ilumoni is an AI-powered app that uses open banking data to provide users with a clear picture of their debt, personalized recommendations for improvement, and access to better borrowing options."

      Covered on