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FinTech firm Squirrel raises £460,000 on crowdfunding platform SyndicateRoom


London-based FinTech startup Squirrel has raised £459,871 on crowdfunding platform SyndicateRoom, exceeding its £400,019 target.

The FCA-authorised firm’s personal financial management and savings app is designed to help people regain control of their money.

Mutaz Qubbaj, CEO and co-founder of Squirrel, said: “My main motivation for founding Squirrel was to make a real social difference. With a growing community of 8,000 people and rising, it is truly rewarding to hear the personal feedback from customers on how Squirrel has changed their habits with a positive impact on their personal financial management.

He went on to say he aims to use the funds raised via SyndicateRoom to expand the company’s customer base further and diversify its product offering.

Squirrel currently works not only with individuals, but businesses too, having partnered with health services, debt management companies and counselling providers across the UK.

Gonçalo de Vasconcelos, CEO and co-founder of SyndicateRoom, said: “We’re thrilled to welcome Squirrel as the latest UK company to join the varied SyndicateRoom success story portfolio.”

“Squirrel is a great example of opportunities offering both a disruptive and scalable business centred on creating meaningful, positive social outcomes,” he concluded.