Money Dashboard, the free personal finance app with almost half a million downloads, is gearing up for its next phase of growth following a record 2018.
The award-winning app has added a fast-growing revenue stream in the form of anonymised consumer spending insights, the customer base of which includes a number of the world’s leading asset management firms, and is actively planning a significant capital raise in the first half of 2019.
In 2017, Money Dashboard raised £1.4 million in equity crowdfunding on Crowdcube including from over one thousand users of the app.
Financial and operating highlights this year include:
- Group revenues on track to double to over £1 million
- London office opened during the year, overall headcount now at 20
- User base grown by 30 per cent
- Secured data insights deal with Global Market Research Company
- Tim Shields hired as CTO
Commenting on the year to date and looking ahead to the rest of 2018 and into 2019, Steve Tigar said:
“Following last year’s successful crowdfund, we’ve grown the team this year, upped the user base, doubled revenues and are now beginning to realise the value from our consumer spending insights team. We are close to announcing a major industry partnership and are actively considering a number of options for additional growth capital in 2019.”
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