BankingBusiness

ilumoni: Raises $450,000 pre-seed funding

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

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