TotallyMoney raises £29m in funding

TotallyMoney raises £29m in funding

TotallyMoney raises £29m in funding from Elliott Advisors and existing investor Scottish Equity Partners (SEP)

  • TotallyMoney puts customers right at the centre of their credit data, helping them make smarter decisions to take control of their finances
  • The investment is subject to Financial Conduct Authority (FCA) approval, will be used to build out its technology platform as it seeks more UK customers
  • Alastair Douglas, TotallyMoney CEO, says: “Our success over the last 12 months has proven that we have a winning model. We were delighted to reach one million customers in such a short period of time and with this funding from two highly regarded investors we are now extremely well positioned to meet our strong growth ambitions”
  • The technology shows customers how likely they are to be accepted for credit without impacting their credit rating
  • In August 2018, TotallyMoney partnered with UK-based online mortgage broker Trussle
  • Trussle’s mortgage broking service will be integrated by TotallyMoney to offer its customers a view of their personal finances and what credit products could be available to them