WeMoney said to close $2m for its personal finance app

Personal finance platform WeMoney has reportedly raised $2m in a funding round, which was led by BetterLabs.

Commitments also came from Full Circle VC, Prospa CCO Ben Lamb, Proviso founder Luke Howes, Jacanda Capital executive director Rob Antulov and Harmoney general manager Ben Taylor, according to a report from Crowdfund Insider.

Australia-based WeMoney is a personal finance mobile app designed to give consumers better control of their money. Users can track all of their accounts and transactions, interact with other members of the community to encourage each other to save money, track bills and subscriptions, and more.

The creation of the platform came after the company founder Dan Jovevski had his first child. He told Crowdfund Insider, “The straw that broke the camel’s back was when I had my first kid on the way and I looked at my own finances and realized I needed to sort myself out. I needed to review my insurance, refinance my mortgage and do everything I could to reduce my expenses. As an industry insider, it took me three days full-time of back and forth phone conversations to get it sorted.”

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