A Manchester-based FinTech has raised £525,000 in pre-seed funding.
Boodil is a FinTech offering an open banking based app.
It focuses on payments and consumer engagement, offering customers a simple and “rewarding” way to pay online.
Its cardless payment method will launch by the end of the year.
What does this mean?
Boodil’s news comes at a difficult time for pre-seed FinTechs to raise capital. The round included a number of Angel investors and business leaders, and will be used to finish developing the proposition so it can go to market this quarter.