Nosso, a London, UK-based provider of an app for parents to invest and plan for their children’s financial futures, raised $2.8M in Seed funding.
The round was led by Octopus Ventures and Anthemis with participation from Entrepreneur First, Ventures Together, Errol Damelin, Tracy Doree and Peter Hetherington.
The company intends to use the funds to continue expanding its product offering for families.
Led by CEO Youssef Darwich, Nosso provides an app that allows parents to open up Junior stocks & shares ISAs and General Investment Accounts and select investments from a range of ETFs managed by BlackRock.
Founded by Youssef Darwich and Sigurjon Isaksson who met in 2020 at Entrepreneur First, Nosso offers children investment accounts that two parents can track, manage and contribute to, together. The app also provides each user with a unique contribution link that they can share with anyone. This allows grandparents (as well as other family and friends) to contribute directly with no additional paperwork or even the need to open a Nosso account. Family members can also leave messages and pictures with their contributions allowing them to pass down memories as well as wealth to future generations.
Nosso is also expecting to launch one of the first fully digital Junior Investment Accounts (Bare trusts) later this year.
FinSMEs
28/02/2022