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Dozens
Current account with saving tools and investments
- 21-100 employees
- Fintech
- B2C
- Banking
- Investing
- Old Street, London, UK
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Company mission
Dozens' mission is to make the financial world fairer and more accessible. Their business model is focused on helping you save and grow your money. Rather than profiting from personal debt, like overdrafts and credit.
Our take
Many consumers are not satisfied with the products being offered by traditional banks who have proven slow to react to the needs of everyday customers.
Dozens flagship product is its 5% bonds. This sharp focus has allowed them to attract users to the ecosystem, as people want more value from the savings. Whilst their bonds do offer superior returns, it is not a savings product and offers a different risk profile. As a result, there is more education required, and Dozens are doing well to make their product simple and accessible.
Dozens is competing against challenger banks such as Revolut and Monzo, which have gained millions of users in the UK. These brands now have a big head-start in gaining trust of its users, and Dozens needs to continuously evolve to compete.
With newly formed partnerships with ClearBank and Bud, Dozens is set to reach more customers and can offer more services like setting up direct debits, standing orders and will be able to encourage its customers to save money and invest effectively.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Regular team offsites
- Minimum 30 days annual leave
- Monthly socials and activities
- Weekly team lunch
- Private medical, dental and vision cover
Funding (1 round)
Mar 2019
$4.9m
SEED
Total funding: $4.9m
Leadership
Aritra Chakravarty
(CPO)Previously Global Head of Digital FX and Investment Products at HSBC. Since they found Dozens, they have co-founded multiple companies such as pi1, Reaction and Project Imagine.
Sam Dunford-Baker
(COO)Experience in investment banking before founding FFERRETT. Worked as Chief of Staff at Pi1.