Mintago, a fintech startup based in London, has raised $4.75m (£3.9m) for its employee money management platform.
Founded in 2019, Mintago has created a platform for businesses to support employees with their financial management goals.
Users can manage pension contributions and locate lost pension pots. Mintago also offers access to financial advisors, debt counselling and financial education programmes.
The company lists Superscript, Oddbox and Lucky Saint among the brands that offer Mintago access to employees.
“There has never been a greater need for businesses to support their employees’ financial wellbeing,” said Daniel Conti, co-founder, COO and CFO of Mintago.
“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.”
The equity investment round was led by BlackLion Ventures along with Love Ventures and Cur8 Capital. The startup said it would put the new funds towards developing the underlying technology of the platform, as well as hiring in sales and marketing.
Mintago, which employs 30 people, has raised a total of £5.5m in equity funding since launch.