Nude raises £3.5m on Seedrs to support its home savings app
The fintech start-up secured backing from the Future Fund to help young people save for a property.
Nude is a fintech start-up providing a savings app and financial coaching to help people buy their first home. The company aims to make the home-buying process simpler and faster for first-time buyers.
Fintech start-up Nude has secured £3.5m in seed follow-on funding through a Seedrs campaign. The investment includes backing from the UK Government's Future Fund and follows earlier fundraising efforts by the firm last year.
The capital will support the company as it continues to develop its savings account and financial coaching app designed for first-time buyers. Nude also has ambitions to apply for a banking licence to launch its own mortgages in the future.
From the founder
"The challenges facing young people are huge, with a massive wealth imbalance, a complex financial system and little help. We’ve been planning, testing and building Nude to make the financial world fairer and easier, starting with helping people buy their first home faster and easier than ever before."
Crawford Taylor
CEO and Founder at Nude
Investor perspective
"Nude has a really interesting and innovative product that we were pleased to support in its early stages. Its app is needed more now than ever, at a time when many young people are having to manage their financesclosely in order to get that first footing on the property ladder. We’re excited to explore how we can continue our support of Nude as it grows in popularity and expands its product range."
Leah Pape
head of scaling services, Scottish Enterprise
