Trezeo launches crowdfunding campaign with £403,000 target

Self-employed financial support app Trezeo has launched a crowdfunding campaign with a goal of £403,000.

The crowdsale has already pulled in just over £141,000 from a round 69 separate investors. Trezeo is raising the capital as a pre-money valuation of £4.4m and is offering a total of 8.24 per cent of its equity to investors.

It is unclear from the funding page whether the £403,000 figure is a target or hardcap.

The London-based company, which also has an office in Dublin, offers a mobile app that helps self-employed users with their financial security. The app enables a user to balance out their income to weekly wages, so that even when they are having time-off or in a slow week, they can still receive some money into their account.

Through the app, a user can automatically make savings when they earn extra money in a week, helping to prepare for slower periods. It also helps to put money away to help fund family holidays, new cars or unexpected bills.

Last week, personal finance app Grove reportedly bagged $8m in a Series A round led by The company offers a finance management platform to help users reach saving goals through financial planning.

The lion share of funding in the personal finance subsector of WealthTech went to Asia, which netted half of the total funding in the space, according to data by FinTech Global. Europe was the second biggest region, netting 13 per cent $887.9m invested globally in 2017.

Copyright © 2018 FinTech Global

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