Nummo, a personal financial management platform that provides a singular view of your financial health across multiple banks announced that they closed a funding round of US$ 1.9 million.
The funding was round was led by a group of undisclosed American and European entrepreneurs, this latest round adds to their initial funding of US$ 700,000 raised at private funding round.
The funds will be utilised to set up its American headquarters scheduled for 2019 along with increasing market penetration, application support and product development
The company claims to have to connect to over 19,000 financial institution and even robo-advisors to provide users a consolidated view of their finances. It is important to note that we are not able to verify the authenticity of the statement and remain skeptical over their claim.
According to Nummo, their unique selling point their independence as they do not accept incentives from banks, instead they rely on an annual subscription fee as a revenue source.
“At Nummo, we have worked hard to create a platform that makes it easy for people to aggregate their bank accounts to help better understand and manage their finances. Our goal is to help simplify and shift the money mindset,”
said Roi Y. Tavor, co-founder and CEO, Nummo.
Featured image screengrab from https://www.nummo.com/
