MyPocketSkill secures funding from The Lightbulb Trust to scale its youth financial platform
The social impact investor has joined the company cap table as MyPocketSkill passes 100,000 users.
MyPocketSkill operates an earning and saving platform targeted at young people aged thirteen to twenty-four. The technology company helps users build financial capability, establish savings goals, and improve employability.
MyPocketSkill has secured additional funding from backers including The Lightbulb Trust, bringing its aggregate funding past £1.3m. The capital will support the continued growth of the company platform, which recently reached 100,000 users. Platform enhancements will focus on automation and analytics to improve connections with its community of young users.
The latest backing follows an earlier funding round completed earlier in the year. The company aims to reach one million users over the next three years while helping young people develop financial independence.
From the founder
"We are delighted that The Lightbulb Trust and others have joined our impressive list of investors aiming to impact young lives for the better. At the same time we are celebrating 100k users on our platform, so this is a great time to capitalise on our success so far and bring an even better user experience to the platform. The investment that The Lightbulb Trust has provided will further ensure we can meet our goal of 1m users in the next 3 years."
Matthew Harker
co-founder at MyPocketSkill
Investor perspective
"MyPocketSkill is a groundbreaking initiative that is poised to change the way young people learn about, earn and save their money. By leveraging innovative behavioural science principles, MyPocketSkill is helping to create a more equitable future for young people, regardless of their background. We are thrilled to support MyPocketSkill in its mission to improve the financial lives of 1 million young people in the UK."
Ben Holden
Ben Holden of The Lightbulb Trust, The Lightbulb Trust
Investors
About the company
MyPocketSkill
MyPocketSkill operates a financial capability and earning platform for young people.