Financial wellness solution Paperwork has closed its seed funding round on $2.5m.
Kickstart Fund, which is a seed-stage venture capital fund based in the US, served as the lead backer. Other commitments came from Launchpad Capital, AARP, StartUp Mavericks and a group of other angel investors.
With the capital, the FinTech company plans to bolster the development of its platform and seek new distribution opportunities and partnerships.
Paperwork’s financial wellness platform automatically organises and analyses financial accounts and documents, such as wills, insurance policies and other financial information clients upload through the app. Its app then offers personalised insights and suggestions that support smarter money choices, plan for the future and protect the financial wellbeing of their families.
Kickstart Fund partner Alex Soffe said, “We backed Paperwork because we believe in the team, its mission and the opportunities for growth.
“The founders are fintech veterans with previous exits, and their platform is attractive not only for consumers, but also for enterprise partners looking to improve engagement with their clients and offer added value. The opportunities for Paperwork are significant.”
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