Former Habito founder Daniel Hegarty has raised £2.5m in pre-seed funding for his new savings app Communion.
In brief:
-The funding was led by Target Global and a roster of investors including Erin Lantz, Greg Marsh, Max Rofagha and Uncommon Creative Studio.
-Communion was been built on the principle of ‘saving is freedom’ and the app aims to change people’s approach to saving money
-Members are coached through a personalised 12-step wealth-building plan and explore their own unique relationship with money with the help of Communion’s community and unlimited access to its team of money guides.
What does this mean?
Commenting in his new startup, Hegarty, said: "We believe everyone has the ability to take control of their money and build a buffer against the world, so long as they’re given the right conditions, tools and support to do so."
