Snoop, a FinTech platform which helps consumers to improve their savings, has reportedly raised £3.2m in a new funding round.
British angel investor Sir Lloyd Dorfman led the investment, with additional contributions coming from Havisham Group and Salesforce Ventures, according to a report from AltFi.
Having only just closed the round, the FinTech is already looking to raise a Series A later in the year.
The app, which is free to use, helps consumers to better monitor what hey are spending money on and find out how they can improve savings. Users can connect all of their bank accounts and credit cards to simplify monitoring their finances, as well as track their bill payments.
Snoop will search for deals and discounts at the stores the user frequently use to help them save money.
Additionally, the company has added tools for daily balance alerts, easing energy switching, monitoring mobile bills and annual insurance checking.
The platform was launched in April 2020 and has already seen around 10,000 customers use its services, the article claims.
Sir Lloyd Dorfman CBE, told AltFi, “Household finances were under pressure even before the coronavirus and we look forward to helping the Snoop team scale rapidly to assist consumers in making the most of what they’ve got.
“In the years to come I genuinely believe that the best experience in banking will no longer be with a bank – and the Snoop team are focused on making that a reality.”
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