FinTech Portify raises £7mn funding

December 12, 2019 | Personal Finance Management
Written by FinTech Alliance
FinTech Portify raises £7mn funding

A FinTech app aimed at gig economy workers has raised £7mn in its Series A round.

In Brief:

  • The round included Redalpine, Kindred and Entrepreneur First.

  • Portify’s app allows flexible or selfemployed workers to manage their finances.

  • The company was founded in 2017.

What does this mean?

Portify aims to address problems faced in the gig economy such as uncertain and unstable personal finance. It uses Open Banking to help users gain insights. Following the round, the company will look at a B2C offering as well as the current B2B2C model.

Read more here.

 

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