Loot, a London, UK-based digital banking startup, secured £2.2m in funding.
The round, which brings the total funding raised to date to £6m, was led by Portag3, Speedinvest and Power Corporation‘s corporate VC arm.
The company intends to use the funds to implement the mid-term plan to make Loot fully automatic, whilst looking to see how they can integrate the best social features into the platform.
Created in 2014 by Ollie Purdue, Loot provides a digital banking service featuring a full current account, and all the tools to manage money.
Launched in December 2016, the app has been used by over 50,000 people.
It is available on iOS, Android and Web.