UK fintech startup Nude, creator of an app that helps users save money to buy their first home, has raised £3.3 million following the launch of a Seedrs campaign, which is targeting £3.5 million in total. The crowdfunding campaign garnered investment from the government’s Future Fund.
Founded last year in Glasgow, the company provides savings account, financial coach and app is designed to help would-be homeowners better understand their finances and the home-buying process, so they can save for and buy their home faster — especially for a generation that came of age in global economic uncertainty.
“The challenges facing young people are huge, with a massive wealth imbalance, a complex financial system and little help. We’ve been planning, testing and building Nude to make the financial world fairer and easier, starting with helping people buy their first home faster and easier than ever before,” says Crawford Taylor, the startup’s CEO and founder.
Previously the business raised £1.7 million in growth capital and was a recipient of an innovation grant from Scottish Enterprise in 2019. Eventually the startup plans to apply for a banking license to launch Nude mortgages.