UK Neobank Startup Muniy Now Searching for £200,000 By means of Crowdcube Marketing campaign

Muniy, a UK-based neobanking startup, is now looking for to lift a minimal of £200,000 by its fairness crowdfunding marketing campaign on Crowdcube. The corporate is now providing 6.90% in fairness at a £2.7 million pre-money valuation.

Based in 2018, Muniy describes itself as “banking for everybody.” The startup at present provides freemium and paid accounts with core options, which embrace QR Funds, prompt P2P cash transfers, real-time transaction notifications, and contactless playing cards.

“Till now, many neobanks have centered on enhancing the consumer expertise for acquainted banking features. However this isn’t the one place the place individuals use cash — actually, it’s simply the beginning. By extending into different areas, beginning with a retail expertise, Muniy goals to supply higher, extra personalised banking, for everybody.”

Muniy famous that a part of its plan to drive adoption by providing a decrease transaction price to retailers, as much as 50% lower than what they at present pay, and finally associate with manufacturers to develop personalised reward schemes for patrons. With reference to what the funds from the Crowdcube spherical shall be used for, Muniy added:

“Our plans to run a pilot within the UK + EU, aiming to leverage a mature market to determine a basis shortly, adopted by introducing our core monetary companies to key markets within the Center East.”

Since its launch, the marketing campaign has raised practically £120,000 from greater than 85 Crowdcube buyers. It’s set to shut at the start of July.