Nosso, which is helping parents invest and plan for their children’s financial futures, has bagged $2.8m in capital.
The round was led by Octopus Ventures and Anthemis, with commitments also coming from Entrepreneur First and Ventures Together. There was also support from a handful of angel investors, including Errol Damelin, Tracy Doree and Peter Hetherington.
Funds from the round will help Nosso expand its product offering with the launch of new tools, such as flexible junior investment accounts.
Nosso provides children investment accounts that two parents can track, manage and contribute to. Its app also offers users with a contribution link that can be shared with anyone, such as grandparents or friends. Users can also leave messages and pictures with their contributions.
The platform was founded by Youssef Darwich and Sigurjon Isaksson who met at Entrepreneur First in 2020.
Nosso has been operating in beta for the past few months, with 1,000 families using the app.
Nosso CEO and co-founder Youssef Darwich said, “The main hurdle for many parents to effectively save for their children’s future is a lack of awareness about what they can do and a lack of tools that help them do that easily. The money we’ve raised today is going to give us the opportunity to change this, providing better education to families and building financial products and tools solely designed for families.”
Copyright © 2022 FinTech Global