Blackbullion, a London, England-based financial wellbeing platform, announced a £2.5 million investment round to accelerate financial well-being for students.
The new funding round will scale the platform’s growth, driving Blackbullion’s mission to simplify the complex world of finance for young people while connecting them with scholarships and additional funds while they study.
The round was led by Calyx Venture Fund, with participation from existing investors, including Lord Stanley Fink and MPA Education.
The fund will be used to scale product development, fund-specific features, and an ambitious hiring plan. It will also support the integration of The Scholarship Hub further into the Blackbullion platform following its acquisition this spring.
Vivi Friedgut, founder and CEO of Blackbullion, said, “We founded Blackbullion to make financial wellbeing accessible to all young people, through great financial education and better, more inclusive access to funds. The current cost-of-living crisis makes this more urgent than ever, as we continue to create solutions truly focused on students’ specific financial needs. We’re beyond excited to make this happen, with this new breed of operator-led investors, as we head into our next phase of growth.”
The new funding round will scale the platform’s growth, driving Blackbullion’s mission to simplify the complex world of finance for young people while connecting them with scholarships and additional funds while they study.
Blackbullion’s platform is deployed by over 50 universities, colleges, and higher education organizations across the UK, Ireland, New Zealand, Australia, and South Africa.
Over 1.2 million students have access to the platform, and 92% report increased financial confidence. To date, Blackbullion’s university partners have awarded £10 million of funds to almost 15,000 students through their proprietary Funds Management System.
Company: Blackbullion Limited
Raised: £2.5M
Round: Unknown
Funding Month: October 2022
Lead Investors: Calyx Venture Fund
Additional Investors: Lord Stanley Fink and MPA Education
Company Website: https://www.blackbullion.com/
Software Category: Financial Wellbeing platform
About the Company: Founded by Vivi Friedgut, Blackbullion is a financial well-being platform that equips young people with money skills for life and improves access to funds. It provides digital financial education that develops financial confidence, knowledge, and skills and empowers better decision-making. Blackbullion is working towards its goal of improving outcomes for millions of young people across the globe by partnering with universities worldwide. The platform is deeply embedded within student support departments to help distribute funds and provide financial education, giving students the skills and confidence to create a money-smart future. The award-winning scale-up has over 50 partners across the UK, Ireland, Australia, New Zealand, and South Africa. Partners include Imperial College London, Nottingham Trent University, Kings College London, UA92, and Central Queensland University.
Source: https://www.londondaily.news/blackbullion-raises-2-5m-to-accelerate-student-financial-wellbeing/