3 years ago

Frost Secures £1.1 Million Seed Funding to Disrupt Paycheque Management

  • Manchester-based e-wallet provider Frost has raised £1.1 million in seed funding since its launch in May 2022

  • The funding round, supported by over ten investors, will be used to hire developers and improve service levels

  • Frost helps individuals manage their finances by providing real-time updates and notifications on their spending.

      • ProblemFinancial Services

      "People struggle to manage their money effectively, leading to overspending, missed savings goals, and difficulty in switching to better deals for utilities and other services."

      Solution

      "Frost is a digital e-wallet that provides real-time spending insights and notifications, empowering users to gain control over their finances. The app simplifies switching household utility providers, helping users save money and time."

      Covered on