Financial management app Snoop has closed a £3.2mn funding round.
In Brief:
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The round was led by Sir Lloyd Dorfman.
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The platform was launched following a beta test with 5,000 customers.
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It has since doubled this user base.
What does this mean?
The FinTech is led by Executive Chair Dame Jayne-Anne Gadhia, former CEO of Virgin Money. It allows access to policies from over 1000 providers to ensure consumers get the best deal – using a mix of AI and “human expertise”. Gadhia said the startup’s growth had “exceeded expectations” and that the platform is “designed to give consumers control and convenience… put money back in their pocket”.
