Emma banking app sitting pretty with £450k funding
London-based Emma Technologies has closed a £450,000 funding round led by Kima Ventures, one of the first investors in Transferwise, and Aglaè Ventures, the early stage fund of the Groupe Arnault, investor in Netflix and Airbnb.
Emma is a banking app (Android and iOS) designed for millennials. The firm says it helps consumers avoid overdrafts, find and cancel subscriptions, track debt and save money.
Edoardo Moreni, Emma’s CEO and co-founder, says: “In the past years, managing money has become extremely difficult. People tend to have multiple accounts, several contracts, different credit cards and the challenges of having everything under control keep growing.”
He adds: “Emma wants to put an end to this … Consumers should be able to access all the information regarding their personal finance from the push of a button.”
As reported in December 2017, Emma started rolling out invites to join the closed beta for its mobile app.
At that time, Emma said it was currently available only in the UK and worked with NatWest, Halifax, Lloyds, Nationwide, Barclays, HSBC, First Direct, Santander, TSB, RBS, Metro Bank and Co-operative Bank.