Financial wellbeing platform Blackbullion scores £2.5m in investment round as it aims to accelerate financial wellbeing for students.
The round was led by Calyx Venture Fund with existing investors including Lord Stanley Fink and MPA Education also taking part.
Blackbullion’s platform is currently deployed in over 50 universities, colleges and higher education organisations across the UK, Australia, New Zealand, South Africa and Ireland.
Over 1.2 million students have access to the platform and 92% report increased financial confidence as a result.
According to Blackbullion, the investment will be used to scale product development, funds-specific features as well as its hiring plan.
The funding will also support the integration of its Scholarship Hub further into the Blackbullion platform following its acquisition earlier this year.
Blackbullion founder and CEO Vivi Friedgut said, “We founded Blackbullion to make financial wellbeing accessible to all young people, through great financial education and better, more inclusive access to funds. The current cost-of-living crisis makes this more urgent than ever, as we continue to create solutions truly focusing on students’ specific financial needs. We’re beyond excited to make this happen, with this new breed of operator-led investors, as we head into our next phase of growth.”
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