Prograd, a FinTech that aims at helping young people understand credit, has raised £2mn in seed investment.
IN BRIEF:
- The startup was founded by Ethan Fraenkel and Marco Logiudice
-The aim is to promote financial literacy for Gen Z
- Angel investor Mandeep Singh, Deloitte Ventures, Techstars, ZAKA Ventures, and AGAM were key investors in the seed investment raise.
What does this mean?
The funding will be used to expand their marketing operations and improve their development capabilities. CEO Ethan Fraekel said: “This funding is an important milestone at a time where financial support has never been as critical for young people with the current cost of living crisis and gloomy financial outcome. We want to help this generation find the best solutions for their needs.”
