Blackbullion raises £2.5m in a Series A round led by Calyx Venture Fund to expand its student financial platform.
The oversubscribed funding round was led by Calyx Venture Fund with participation from Lord Stanley Fink and MPA Education.
Blackbullion operates a financial wellbeing platform that provides money skills education and fund access for students. The platform serves over 1.2 million students across partner universities and colleges internationally.
Blackbullion has secured £2.5m in a Series A funding round to accelerate its growth and student financial wellbeing initiatives. The oversubscribed investment was led by Calyx Venture Fund, with participation from existing backers including Lord Stanley Fink and MPA Education.
The capital will be deployed to support team expansion, accelerate product development, and integrate the recent acquisition of The Scholarship Hub. Blackbullion currently partners with more than 50 higher education institutions across multiple countries to distribute funds and deliver financial education.
From the founder
"We founded Blackbullion to make financial wellbeing accessible to all young people, through great financial education and better, more inclusive access to funds. The current cost-of-living crisis makes this more urgent than ever, as we continue to create solutions truly focusing on students’ specific financial needs. We’re beyond excited to make this happen, with this new breed of operator-led investors, as we head into our next phase of growth."
Vivi Friedgut
CEO at Blackbullion
Investor perspective
"Today’s economic climate means financial education and wellness are more urgent than ever; we couldn’t be prouder to launch MPA Education’s second fund with Blackbullion, to scale the platform at a global level. Congrats to Vivi for achieving this in what has been the toughest raise environment for years."
Melody Lang
Founding Partner, MPA Education
Use of funds
- 01Grow the team
- 02Continue product development
Investors
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About the company
Blackbullion
Blackbullion provides a financial wellbeing and funds management platform for students.