UK fintech Mintago, which offers financial wellbeing solutions for businesses, has raised £3.88 million in equity investment.
The funding round included $4.75 million in equity investment, with BlackLion Ventures, Love Ventures and Cur8 Capital among those involved.
The Financial Conduct Authority-regulated company helps employers to “attract talent, retain existing employees and boost productivity”. According to the firm, its financial wellbeing platform enables businesses to “reduce their national insurance costs and foster a more positive workplace culture” with pension management, accessing financial advisors, receiving debt counselling, using savings tools, etc.
Daniel Conti, COO, CFO and co-founder of Mintago, said: “The cost-of-living crisis is a source of significant stress for millions of Britons, and this can naturally impact their work life – the best employers recognise this and are upping their support for staff by providing the necessary financial planning tools and access to advice, in turn, building better relationships with their employees.”
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