FinMeUp, a Western Cape-based financial EdTech company, has raised an undisclosed amount in an angel funding round from venture capital firm ZAQ Ventures, which focuses on investing in startups.
According to the report, the raised capital will be used for the development and expansion of the financial EdTech startup’s platform and product offerings, including launching new features and establishing partnerships with the implementation and launch of FinMeUp assets.
Founded in 2020 by Higgo van Biljon, FinMeUp is a tech startup that provides financial education to its users through an online platform. The goal of the startup is to empower individuals with financial knowledge into an innovative app.
FinMeUp’s vision is to educate, equip and enrich its users, taking them from education to implementation so that they can become the boss of their finances. The various innovative, simple and user-friendly features and tools of the platform allow this vision to become a growing reality.
Commenting on the startup’s growth and its future plans, FinMeUp founder Higgo van Bilzon told Ventureburn, “Insights from the co-creator community were blocked by new features, with 18,000 and 50,000 members unique. To understand where the big difference is. “
FinMeUp’s platform not only provides financial-related educational tools but can also be defined as an incentive-based financial education system. Users are able to get advice and insights from a full-time trusted financial advisor. The startup claims to have experienced exponential growth since its launch, gaining 7,000 users in a single year.
In the near future, the startup plans to launch a new FinMeUp app with the FinMeUp Wealth extension, a platform that will provide insights into insurance, investing, credit tools and more.
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