4 years ago

Lumio Raises £1.1 Million to Become the "Skyscanner for Finance"

  • Lumio, a London-based fintech startup aiming to become a "Skyscanner for finance", has secured £1.1 million in seed funding

  • The investment came from angel investors including Matteo Berlucchi, William Frewen, Richard Fearn, Ben Lundie, and 1,208 crowd investors

  • Lumio aims to replace financial advisors by providing a personalized and automated solution for growing money

  • The company aggregates all financial accounts in one place, offering a comprehensive financial picture with personalized product, spending, and educational guidance

  • The funds will be used to achieve product market fit, accelerate product intelligence & personalization, and scale Lumio internationally.

      • ProblemFinancial Services

      "making it difficult for people to manage their finances and grow their money effectively."

      Solution

      "Lumio is a personal finance brain that grows your money on autopilot. It instantly helps you switch to the best savings and investment accounts in the marketplace, connects your entire financial lives, matches with the right product at the right time, and sets up automatic transfers to grow users’ money on autopilot."

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