Financial wellbeing startup Mintago has closed a $4.75 million funding round to further enhance its platform and accelerate its growth across the UK.
Mintago, a London-based, Financial Conduct Authority (FCA)-regulated company, offers an innovative new platform that promises to revolutionise the financial wellbeing landscape. Founded in 2019 by Chieu Cao, the former co-founder and CMO of Perkbox, Mintago helps employers to attract top talent, retain existing employees and boost productivity, with its powerful financial wellbeing platform.
Mintago’s user-friendly platform is designed to help employees tackle their most pressing and important financial needs, such as managing their pension contributions and locating any lost pension pots they may have, with the Pension Hunter tool. It also enables them to take control of their finances with free access to financial advisers, debt counselling, savings tools and financial education programmes.
This groundbreaking organisation went from strength to strength during the pandemic and is now rising to new heights in the current cost-of-living crisis, with these events emphasising the need for employers to offer robust financial wellbeing support to their staff. Well-known brands, such as Oddbox, Chilly’s, Lucky Saint, Olio and Doctify, are among the hundreds of forward-thinking organisations already signed up to provide Mintago’s financial wellbeing platform to their teams.
The funding round included $4.75 million in equity investment. Mintago will use the funding to invest further in the technology underpinning its financial wellbeing platform. It will also expand its sales and marketing team to accelerate the growth of its client-base.
Chieu Cao, CEO and founder of Mintago, said: “We are proud to be at the forefront of the financial wellbeing movement, empowering businesses and giving employees everything they need to navigate their financial lives with confidence. This funding underlines Mintago’s immense potential, and with the backing of some exceptional investors, we are excited to be able to fast track our growth in the months and years to come.
There has never been a greater need for businesses to support their employees’ financial wellbeing. The cost-of-living crisis is a source of significant stress for millions of Britons, and this can naturally impact their work life – the best employers recognise this, and are upping their support for staff, by providing the necessary financial planning tools and access to advice, in turn building better relationships with their employees. Mintago is on a mission to support its clients in this journey.”
Daniel Conti, COO & CFO and co-founder of Mintago, said: “We are delighted to announce this exciting news. This substantial investment will now enable us to take Mintago to the next level in 2023 and beyond.
With employers and employees encountering ever-growing pressures in the current cost-of-living crisis, there has never been a better time for such a powerful financial wellbeing tool as the Mintago platform. We will now be able to redouble our efforts to help even more businesses and their personnel to achieve greater financial success in these challenging times.”
Mintago is an FCA-regulated company that provides its users with the UK’s most holistic financial wellbeing solution. By equipping its users with financial planning tools, over 1,000 pieces of educational material, access to financial advisers and coaches, a Money Helper AI and a dashboard that allows for full pension management, Mintago helps businesses support their staff during the cost-of-living crisis and supply them with everything they need to navigate their financial lives with confidence. Mintago can also assist businesses in saving thousands in NICs, as well as providing their staff with direct savings.