The funding will be used to invest further in the technology underpinning its platform
Fintech firm Mintago has announced that it has closed a $4.75 million (£3.88 million) funding round to further enhance its platform and accelerate its growth across the UK.
BlackLion Ventures led the funding round, with Love Ventures and Cur8 Capital among the other investors involved.
The London-based startup, which offers a suite of financial wellbeing solutions for businesses and their employees, said the funding would be used to invest further in the technology underpinning its financial wellbeing platform. It would also expand its sales and marketing team to accelerate the growth of its client base.
Founded in 2019 by Chieu Cao, the former co-founder and CMO of Perkbox, Mintago also helps employers to attract top talent, retain existing employees, and boost productivity. It also enables businesses to reduce their national insurance costs and foster a more positive workplace culture.
⭐ We are very excited to announce the success of our Series A funding round, as we’ve now secured $4.75m in funding from Black Lion, Love Ventures, Cur8 and many other amazing investors!
— Mintago (@getmintago) September 25, 2023
Read more about our fundraising success ➡️https://t.co/xUTEkFamDl pic.twitter.com/iGbzbwm2wk
According to Mintago, its platform is designed to help employees tackle their most pressing financial needs, such as managing pension contributions and locating lost pension pots through its Pension Hunter tool. It also enables employees to take control of their finances with free access to financial advisers, debt counselling, savings tools, and financial education programmes.
“We are proud to be at the forefront of the financial wellbeing movement, empowering businesses and giving employees everything they need to navigate their financial lives with confidence,” said Chieu Cao (pictured right), chief executive and founder of Mintago. “This funding underlines Mintago’s immense potential, and with the backing of some exceptional investors, we are excited to be able to fast-track our growth in the months and years to come.”
Daniel Conti (pictured left), chief operating and financial officer and co-founder of Mintago, pointed out that there had never been a greater need for businesses to support their employees’ financial wellbeing.
“The cost-of-living crisis is a source of significant stress for millions of Britons,” Conti said. “This can naturally impact their work life – the best employers recognise this and are upping their support for staff by providing the necessary financial planning tools and access to advice, in turn building better relationships with their employees. Mintago is on a mission to support its clients in this journey.”
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