Private Financing Cellular App Lumio’s Crowdcube Marketing campaign Now Nearing £700,000

Lumio, a UK-based private financing app, is now nearing £700,000 in funding raised via its fairness crowdfunding marketing campaign on Crowdcube. The funding spherical, which initially sought to boost a minimal of £250,000, has already attracted greater than 870 Crowdcube traders up to now.

As beforehand reported,  Lumio describes itself as an “clever monetary mentor” that makes use of tailored know-how develop cash across the app consumer’s life-style inside minutes.

“Lumio empowers prospects to attach your accounts in a single place, de-clutter {the marketplace} and start rising your cash in a significant method. We work throughout all potential avenues of non-public finance. Offering steerage on present, financial savings and funding accounts to choose the right steadiness for you.”

Lumio additionally reported its analysis reveals £176 billion of “Lazy Cash” (suppose ineffective financial savings charges, extortionate funding charges, and high-interest credit score and mortgage) depreciating within the UK. With an estimated £33bn added to that pile yearly. Past the UK, a large £10 billion of Lazy Cash throughout Europe.

“Rich people might have the appropriate assets to completely optimise their funds. However we wish everybody to have the monetary safety and peace of thoughts to determine their monetary future. So we constructed Lumio – seamless, simple and impartial, performing solely in prospects’ greatest pursuits to completely optimise their cash. Designed to allow monetary freedom. Serving to them obtain targets and aspirations.”

Funds from the Crowdcube marketing campaign might be used to proceed the expansion and improvement of Lumio’s cellular app. Lumio is at present providing 7.23% in fairness at a £3.5 million via the funding spherical, which is ready to shut mid-March.