Skip to content

Money Dashboard

Sector:
Technology
Invested in:
Calculus EISs, Calculus VCT

money-dashboard-side

COMPANY

Money Dashboard offers users the ability to better track and manage their finances (from bank accounts, credit cards, store cards, etc.) in one secure place. The Company’s proprietary transaction tagging technology analyses the user’s spending into categories, providing an automatically updating, consolidated view of their financial lives.

Money Dashboard aggregates its user’s data on an anonymous basis to analyse consumer spending trends which can be sold to institutional investors and others (the “Data Insights” product). In December 2018, Money Dashboard announced a strategic partnership with Go Compare to help them to better understand their customers and tailor product and service offers, whilst giving Money Dashboard access to their anonymised transactional data to enhance its Data Insights product.

In March 2020 Money Dashboard won Best Personal Finance App at the British Bank Awards – an award the company had also won in 2017 and 2018. During 2019 the company won FinTech of the Year and Best FinTech Collaboration at the Scottish Financial Technology Awards; and Best use of Data Science for Good and Best Innovation for Savings Journey at the fDATA Open Banking Awards.

INVESTMENT RATIONALE

As well as growing its user database directly, Money Dashboard is also taking advantage of the introduction of Open Banking in January 2018 to integrate its product with banks own systems, providing the same service to the banks customers. In the last year, it has done this with Starling Bank and Monzo, the popular mobile-only bank.  As a result, the number of bank accounts connected to Money Dashboard’s app now exceeds 1 million. Funds will predominantly be used to further develop the product, thus ultimately growing the user database.

Latest News

Money Dashboard wins top Scottish fintech award

Money Dashboard were victorious at the Scottish Financial Technology Awards on 25 September, picking up Fintech of the Year & Best Fintech Collaboration. Congratulations to all at Money Dashboard for these well deserved achievements at Scotland’s only Awards decicated to excellence in Financial Services Technology & Fintech.

Money Dashboard raises £4.6m to drive growth and triple headcount

As reported in the Scotsman:  Money Dashboard, the personal finance app based in Edinburgh, has raised more than £4.6 million to triple headcount and make its app available “to the masses”. The fintech has closed what it describes as this year’s biggest fintech raise on crowdfunding platform Crowdcube, receiving pledges from 3,300 investors as it … Continued

Money Dashboard integrates with three new providers

Money management app Money Dashboard has released integrations with three new account providers – Revolut, Chip and Marcus by Goldman Sachs. The integrations help consumers track spending and progress towards their savings goals in real time. Money Dashboard is the first UK personal finance app to release an integration with Revolut and follows the recent integration … Continued

Money Dashboard appoints new CFO

Former Revolut chief financial officer Peter O’Higgins is taking up the same title as he leads Money Dashboard’s finance and operations function as it moves on to the next stage of growth. Money Dashboard CEO Steve Tigar said: “Peter was part of Revolut’s top team and saw the business grow from 200,000 to over 4.5 … Continued

Money Dashboard – Best budgeting apps to try in 2019

13 January marked the one year anniversary of Open Banking, an initiative introduced to help make managing our financial lives easier. But how much have things changed? The Competitions and Markets Authority (CMA) forced the nine largest banks (Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, Nationwide, RBS Group, Santander) to … Continued

Other Technology Investments

Optalitix

Optalitix adds value to insurers, and other financial institutions, with low code SaaS products, data analysis and sophisticated AI models.

Learn more

Essentia Analytics

Essentia Analytics, a FinTech company, applying behavioural analytics to help professional asset managers make measurably better decisions

Learn more

Browse by sector

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

I have read and understood this important information

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

I have read and understood this important information