Glasgow financial start-up Nude, which helps people save for their first
home, has raised £3.5million, following the launch of a Seedrs
crowdfunding campaign.
Nude was formed to stand up for first-time buyers, improve the
home-buying experience and change a part of society they believe is
unfair. The new savings account, financial coach and app has been
designed to help aspiring home-owners better understand their
finances and the home-buying process, so they can save for and buy
their home faster.
CEO and co-founder of
Nude is Crawford Taylor, previously a partner of
IFSD based actuarial firm Hymans Robertson. He said,
"The challenges facing young people are huge, with a massive
wealth imbalance, a complex financial system and little help. We've
been planning, testing and building Nude to make the financial
world fairer and easier, starting with helping people buy their
first home faster and easier than ever before."
The business raised £1.7 million in growth capital in 2019
and received a £440,000 SMART: Scotland innovation grant from
Scottish Enterprise. Investors in this funding round include the UK
Government's Future Fund.