Your business in brief?
Money Dashboard is headquartered at CodeBase in Edinburgh and was founded in 2010 by UK fintech pioneer Gavin Littlejohn. I’ve been chief executive since 2014 and was formerly a Saltire Fellow (2010/11) and managing director of rental property portal Lettingweb. We currently have a headcount of 20.
...we’re very happy to be based in Edinburgh, where you have a burgeoning fintech scene. This is best illustrated by industry players like Nucleus Financial, FreeAgent and industry association FinTech Scotland.Steve Tigar, chief executive, Money Dashboard
Money Dashboard is the UK’s first personal finance app and retains a market-leading position. In 2018, the app won the British Banking Association’s ‘Best Personal Finance App’ for the second year running. Our money app and budget planner help more than 150,000 people save money, plan and achieve their financial goals.
Money Dashboard has also continued to grow its anonymised consumer spending insights business with a customer base that includes some of the world’s leading asset management firms.
How are you expanding?
We are actively considering a significant capital raise in 2019 as we look to scale the business over the next 12 to 18 months. To date, we have raised over £10m in equity financing, including a £1.4m equity crowdfund on Crowdcube in 2017.
Money Dashboard was selected in the first cohort of the London Stock Exchanges’s ELITE programme in 2014. This is designed to help high-growth businesses scale up and raise capital.
How does being based in Edinburgh help you?
Many people consider Edinburgh to be the home of Open Banking – which allows banks to share customer data with third party providers – and we were very much first to market in the UK.
While London is undoubtedly a fintech powerhouse in global terms, we’re very happy to be based in Edinburgh, where you have a burgeoning fintech scene. This is best illustrated by industry players like Nucleus Financial, FreeAgent and industry association FinTech Scotland.
The second annual Global Open Banking Summit of the Financial Data and Technology Association, a global trade association focused on open finance, took place in Edinburgh in early December. This was attended by the great and the good of the international open banking sector, illustrating how highly-rated Edinburgh and Scotland are in international terms.
As Edinburgh’s fintech scene gains critical mass, it means there’ll be more people talent and know-how in the city – and that has to be a good thing for us and our peers.
What's the vision for your business?
We want to help people from every walk of life be happier and more successful by putting them in control of their finances.
We believe that, with the advent of Open Banking, in the coming years we’ll be serving millions of customers in the UK and beyond.
If you would like to find out more about how we can help you and your business establish, relocate or expand within the city region, or would simply like more information about what Edinburgh has to offer, get in touch today.