UK-based free credit reporting platform TotallyMoney has secured £5 million in new funding from Silicon Valley Bank (SVB) which it says will help to “accelerate customer acquisition, recruitment, and develop” its technology platform.
TotallyMoney’s USP boils down to “improving the UK’s credit score” and bettering the future of its citizens
Since its launch in 2017, the fintech says it has acquired more than 2.5 million customers. As for TotallyMoney’s USP, it boils down to “improving the UK’s credit score” and bettering the future of its citizens.
The new funding comes nearly a year after its last capital injection in December 2018, when the company secured £29 million from Scottish Equity Partners (SEP), a technology-focused venture capital firm, and the UK arm of Elliott Advisors, which currently manages $38.2 billion in assets.