Mintago, a startup focused on financial wellbeing, has announced the completion of a £3.9 million funding round. This funding has been secured by the London-based startup to improve its platform and expand its reach throughout the UK. The company, founded in 2019 by Chieu Cao, aims to help employers attract top talent, retain their current employee base, and enhance productivity. Additionally, Mintago’s platform helps businesses reduce their national insurance costs and foster a more positive workplace environment.
Mintago’s financial wellbeing platform empowers employees to tackle their most pressing financial needs, including managing pension contributions and finding lost pension pots with its Pension Hunter tool. The platform also provides access to financial advisers, debt counselling, savings tools, and unbiased financial education programs. The startup reported an increase in demand for its platform during COVID and even more so due to the current cost-of-living crisis. Hundreds of organizations, including Oddbox, Chilly’s, Lucky Saint, Olio, and Superscript, have signed up.
BlackLion Ventures, supported by Love Ventures and Cur8 Capital, provided the majority of investment. Chieu Cao, CEO and founder of Mintago, said, “We are proud to be at the forefront of the financial wellbeing movement, empowering businesses and giving employees everything they need to navigate their financial lives with confidence. This funding underlines Mintago’s immense potential, and with the backing of some exceptional investors, we are excited to be able to fast-track our growth in the months and years to come.”
Daniel Conti, COO, CFO, and co-founder, added, “There has never been a greater need for businesses to support their employees’ financial wellbeing. The cost-of-living crisis is a source of significant stress for millions of Britons, and this can naturally impact their work life – the best employers recognize this and are upping their support for staff by providing the necessary financial planning tools and access to advice, building better relationships with their employees.”
This funding marks a significant milestone in the development of Mintago and will enable it to continue providing an essential valuable financial wellbeing service to both employers and employees.
