Prograd secures £2m seed funding led by Deloitte Ventures to expand operations
The funding round was led by Deloitte Ventures with backing from Techstars, ZAKA Ventures, and angel investors to support product development and team expansion.
Prograd is a London based fintech startup that operates a platform helping young people set financial goals and find personalised paths to earn, save, and borrow.
London based fintech startup Prograd has secured £2m in seed funding to expand its team and develop its product offerings. The investment round was led by Deloitte Ventures, with participation from Techstars, ZAKA Ventures, AGAM, Mandeep Singh, and various angel investors from the financial services sector.
Founded in 2021 by recent university graduates, the company operates a platform designed to improve financial literacy among younger generations. The fresh capital will be directed towards growing marketing and development capabilities, enhancing digital presence, releasing a mobile application, and refining algorithms.
Investor perspective
"The knowledge gap around financial literacy, especially for younger generations, is a global problem that has deep societal implications. Prograd’s approach to this challenge offers meaningful benefits to both consumers and financial services."
Louise Brett
Vice Chairman Deloitte UK and Head of UK Fintech, Deloitte Ventures
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
