Financial wellbeing startup Mintago closes $4.75m funding round

Mintago, a financial wellbeing fintech, has raised a $4.75m funding round.

The round was led by BlackLion Ventures, with Love Ventures and Cur8 Capital also taking part.

London-based Mintago helps businesses and their employees with financial well-being, which it says can help attract talent, retain existing employees and boost productivity as well as reduce national insurance costs. 

This includes managing pension contributions and locating lost pension pots, free access to financial advisers, debt counselling, savings tools and unbiased financial education programmes. 

Customers include Oddbox, Chilly’s, Lucky Saint, Olio and Superscript.

Founded in 2019 by Chieu Cao, who is also its CEO, and formerly the co-founder and chief marketing officer of rewards and benefits platform Perkbox and Daniel Conti, who is both the company’s chief operating officer and chief financial officer. 

The new cash will be used to accelerate its growth in the UK through an expansion of its sales and marketing team. 

“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,” Chieu Cao, CEO and co-founder of Mintago said.

“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.”