9 years ago

Loot, a Banking App for Millennials, Raises $2.5 Million

  • Loot, a UK-based banking app for millennials, has secured $2.5 million in funding from SpeedInvest and Global Founders Capital

  • The funding will be used to expand Loot's operations in Europe

  • Loot offers a user-friendly app that allows users to set up an account quickly through a photo, ID/Passport, and a UK address

  • The company's prepaid Loot MasterCard® is provided by Wirecard Card Solutions Ltd.

      • ProblemFinancial Services

      "Loot is addressing the issue of traditional banking systems being inflexible and not tailored to the needs of millennials."

      Solution

      "Loot provides a banking app that enables millennials to easily set up accounts, monitor spending, and manage their finances in a flexible and tailored manner."

      Covered on