Money Dashboard, an Edinburgh, UK-based smart account aggregation service that automatically analyzes online statements, raised £2.7m in funding.
The round was led by Calculus Capital, with participation from branding agency ZAG, a division of the advertising agency Bartle Bogle Hegarty.
The company intends to use the funds to develop new services, enhance its technology platform and expand its user base.
Launched in 2010 by Gavin Littlejohn, the Money Dashboard service – free to use – allows consumers in the UK to analyze online statements (current, savings and credit cards) to tell users how much they spend in areas such as energy, broadband, fixed line and satellite TV packages, loans and other services.
Its transaction tagging technology automatically recognizes purchases and creates charts. Alerts can also be set, including notifications when balances fall to the point where they risk triggering annoying bank charges.