Fintech startup raises £3.3m on Seedrs to support first-time buyers

A home savings app has secured multi-million pound investment following the launch of a campaign on crowdfunding platform Seedrs.

Fintech startup Nude has raised £3.3m to enhance its savings app as part of its mission to help people get on the property ladder faster.

The tech platform offers users a savings account, financial coach and app, designed to help aspiring homeowners understand their finances and the home-buying process.

Since going live on July 6, Nude has surpassed 96 per cent of its £3.5m Seedrs target, and plans to use the funds to enhance its existing proposition.

In addition, the startup also plans to apply for a banking license to launch its own range of mortgages.

Crawford Taylor, CEO and founder of Nude, commented: “The challenges facing young people are huge, with a massive wealth imbalance, a complex financial system and little help.

“We’ve been planning, testing and building Nude to make the financial world fairer and easier, starting with helping people buy their first home faster and easier than ever before.”