Personal finance app Squirrel is seeking £400k in investment via crowd funding website SyndicateRoom.
“Squirrel is interesting in that it’s not only a highly investable idea with tremendous growth opportunity, it also has a really positive social impact,” said Jos Evans, the experienced seed investor, who is the lead investor in the app and has already committed £100,000.
“The people who use it are generally on lower incomes and Squirrel is helping them save money for the first time.”
Mutaz Qubbaj, the chief executive and founder of Squirrel, added: “Engaging online investors in a fundraise has been a route that we’ve been considering for some time.
“However, it was crucial to reach a point where we could demonstrate our success and track record, so we could make it a solid opportunity.”
Source: Proactive Investors