Money Dashboard is the UK’s leading personal financial management app providing more than 150,000 UK consumers with the true view of their financial lives. It helps people achieve their financial goals by showing them exactly where their money goes.
The award-winning app enables consumers to connect to all their current accounts, savings accounts and credit cards from whichever institutions they bank with, all together in one secure place.
In turn, its market leading categorisation engine intelligently analyses customer’s data to show them where they are spending, creates budgets and helps customers stick to them. Through its website and mobile apps, Money Dashboard identifies opportunities for people to spend, save and borrow more efficiently.
Money Dashboard generates revenue by creating insightful market research from anonymised bank statement data, for example, by helping hedge funds predict revenue announcements of listed companies. Money Dashboard counts many of the world’s most prestigious asset managers as subscribers.
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Money Dashboard was founded in 2010 by a small team passionate about making the often-confusing world of personal finance more open, transparent and accessible for everyone.
At the time that the company was first founded, consumer trust in banks was at an all-time low as a result of the financial crash. This created a population of consumers who had a need for new, innovative tools that could help them make the most of their financial situation.
More recently, the Money Advice Service reported that 1 in 5 consumers is unable to read a bank statement and that 21 million consumers have less than £500 in savings, leaving them unable to deal with unexpected bills. This large consumer base is still being underserved by traditional financial services providers.
Money Dashboard’s vision remains clear today as the company is on a mission to help people from every walk of life be happier and more successful by putting them in control of their finances.
The company has seen great success since being formed. Some key accomplishments include:
- Being selected for the London Stock Exchange ELITE programme.
- Crowdfunding £1.5m from more than 1500 investors in August 2017
- Winning “Best Personal Finance App” at the 2017 and 2018 British Bank Awards
- Building a rapidly scaling data insights business serving some of the largest fund managers across the UK and USA