Lumio
Centralised personal finance platform
- 1-20 employees
- Fintech
- B2C
- Personal finance
- SaaS
- Bristol & London
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Company mission
To create a world in which everyone has the financial security and peace of mind to decide their future.
Our take
Young professionals' money largely sits in current accounts depreciating, and they often lack the time and financial literacy to change that. Further, money is used inefficiently through poor savings rates, extortionate investment fees, and high-interest credit and loans. Lumio is helping millennials navigate the growing and intricate marketplace and take control of their finances by developing a smart and simple app.
The company finds clever ways for users to grow their money. Users can connect their accounts using Open Finance and start tracking, planning and growing their financial life. Lumio operates through an independent app, with an interface that is both modern and easy to use. By providing an overview of the users' finances and offering guidance on current, savings and investment accounts the company connects people to products so they can make their money work harder for them.
The company's ultimate goal is to grow one million customers' money by 2024. Recognised as part of the top 100 Fintech Disruptor by BusinessCloud in 2020, and with recent funding secured, Lumio is placed well to work towards this aim. Further, the company plans to launch in key EU locations in the near future, which will help propel its growth further.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Flexible and remote-first working, with co-working spaces for collaboration and those who need an office
Funding (last 2 of 4 rounds)
Mar 2023
$0.3m
GRANT
Jul 2022
$0.5m
SEED
Total funding: $2.5m
This company has top investors
Leadership
Tom Richardson
(CPO)Previously worked as product manager and UX designer at Vitamin London and founded NUDGG a financial research and education company.
Charlie Richardson
(CEO)Spent 4 years at Oakwell Capital working as a financial adviser and worked in business development at Chargifi.
Adrian Shedden
(COO)Prior to founding Lumio Adrian worked as a consultant solicitor at Keystone Law advising on fintech and FS regulation.