Finance Unlocked, which is used by top banks, asset managers and law firms to educate people on the financial world, has bagged £1.75m in its new funding round.
The capital injection comes after the FinTech experienced a user growth of 2,800% in 2020. This growth was driven by the impact on the workplace caused by the Covid-19 pandemic.
Investors to the round included a number of unnamed angels.
Finance Unlocked offers education on a range of areas in financial services, including FinTech, green finance, regulation, modelling, commodities, equity markets and much more.
It claims to have delivered £3m worth of education to university students affected by campus closures and contributed to the national Fintech for Schools educational programme.
Later in the year, it plans to release a societal inclusion initiative with Santander, distributing 3,000 Finance Unlocked subscriptions to Black and Black Mixed students, it said.
Finance Unlocked CEO Henry White said, “Employers the world over are racing to make rapid and permanent changes to the way they deliver learning and development. The pandemic, and the changing nature of the workplace, have provided fertile ground for new disruptors in this space, as well as driving M&A activity in the sector.
“Our unfair advantage is that we focus on one industry sector, financial services, which also happens to be one that is highly receptive to new ways to radically improve learning and development. 2021 promises to be an exciting year for us as we set our sights on owning the financial education vertical, challenging generic providers such as LinkedIn Learning, to tap into a $44Bn market opportunity.”
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