Personal financial services site Moneydashboard.com has raised £1 million in funding from a consortium of Scottish investors ahead of the in-Alpha site’s full launch next year. Investors include the company’s chairman and former Tesco Personal Finance CEO Stuart Sinclair, the Par Syndicate angel investment group and Moneydashboard’s own management. This funding follows an earlier investment of £500,000 to fund a two-year R&D phase.
The new money will go towards security measures ahead of the Silverlight-based, book-balancing site’s launch. The company is initially targeting the 20-24 age bracket but they clearly take inspiration from personal finance site Mint.com and would no doubt be happy to emulate its $170 million sale last month. Release.