Arro Money is currently well funded with £5million of internal funding already invested. We are now looking to crowdfund another £1million to further assist in our ongoing growth through investment platform Crowdcube.
The additional £1million funding will go towards a larger development team, increasing customer support hours, building on the technology based onboarding system and extending communications to a wider audience.
“We’re looking to create a community of early investors that can see the potential in tackling a problem as serious and widespread as financial inclusion, initially in the UK but long term, in Europe.”
Arro Money seek to reduce the number of people in the UK operating their finances without an account by making their accounts easy to set up with no unnecessary forms or credit checks. Currently 1.5 million people in the UK have no bank account.