ilumoni: Raises $450,000 pre-seed funding

November 14, 2020

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ilumoni: Raises $450,000 pre-seed funding

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Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

Raised $450,000 pre-seed investment backed by Move Ventures and angel investors including Simon Moran
Founded in 2019, ilumoni the UK’s first AI-powered borrowing insights app which uses open banking
The free app provides personal insights to help users take action and make important changes to their borrowing
The insights appear as nudges, prompts, and future scenarios based on manageable behavior changes
The FCA Innovation Hub focused on encouraging innovation in financial services in the interests of consumers
ilumoni using the pre-seed investment to focus on product development and regulatory approval