Money Dashboard, an Edinburgh, UK-based personal finance app, raised £2.5m in funding.
The round, which added to the initial £2.7m investment raised in November 2013, was led by Calculus Capital with participation from Ariadne Capital, Par Equity, and The Scottish Investment Bank.
The company intends to use the funds to build native mobile apps as well as adding new features to the platform.
Led by Gavin Littlejohn, Founder and CEO, Money Dashboard provides a personal finance app now trusted by nearly 100,000 people who have added their financial accounts to the platform. Free, it allows users to see where their money goes by showing all their current accounts, savings accounts and credit cards from, all together in one secure place. For people who want to save, Money Dashboard uses past spending patterns to predict future outgoings and potential savings so they can budget realistically for the future.
The company was selected to join a select group at the London Stock Exchange’s two-year ELITE mentoring scheme for high-growth private UK companies last April.