Family Fintech App Enters ‘Overfunding’ Phase On Seedrs Having Passed Initial Goal
Beanstalk, the family app that invests for your kids, has exceeded its crowdfunding target with new investments taking the company into overfunding ahead of the funding round closing on 29 June 2022.
Beanstalk has raised over £650,000 via the Seedrs equity crowdfunding platform, with new direct investors including the former CEO of one of the leading fintech investment platforms sitting behind a number of stock trading apps/advisers. The funds raised will help get Beanstalk to even more families so that they can start building a nest egg for their children.
Built on an innovative ‘family view’ and technology, Beanstalk is a fintech app reinventing how families save & invest for their kids’ future, making it easy and affordable. The Beanstalk app takes a minute or two for a parent to open accounts for their children or themselves.
The tools to help put money away including open banking powered roundups and instant top-ups, cashback at 2,000+ retailers, friends and family gifting. Through its unique invite tool, grandparents (and others) can link and contribute directly to the child’s account.
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“Parents know their children face a tougher time than they did – university fees, housing costs, cost of living – but tell us it is hard to know what to do: putting money aside is tough; the choices are confusing making it difficult to decide what is right; and the products out there are often poor value, expensive or require commitment,” said Julian Robson, co-founder and CEO, Beanstalk.
Julian went on to say…“However, despite a mass adoption of fintech amongst consumers, child savings products have been slow to catch up. Beanstalk is changing this by making it really easy for all parents, whatever their means, to build a nest egg for their children’s future.”
Beanstalk revealed its plans for the future, and the fresh revenue streams the company hopes to add, in its Seedrs Bitesize pitch Full information on the funding round, including how to invest, is available on the Seedrs crowdsourcing and investment marketplace.
Beanstalk is part of KidStart, a child savings-linked cashback business that has been established for 14 years and has two experienced founders with a background in disruptive financial services and products, and knowledge of the parenting market.
The Beanstalk app is available for download for Apple and Android devices.