Further Equity Investment in Money Dashboard

Money Dashboard has announced the completion of a further £301k of equity, including £201k of additional angel equity and £100k of Scottish Seed Fund investment from Scottish Enterprise.

This investment widened the share base with further expertise and deepened the commitment of existing shareholders. The Executive team (all investors) has now been established on a full time basis and the company is working towards an initial launch in mid 2009.

The angel investors come from a variety of backgrounds, with the largest group having outstanding records in financial services. This includes Board positions in fund management, banking, life assurance, private equity, corporate finance and financial stochastic forecasting.

Gavin Littlejohn, Money Dashboard's CEO and founder commented "This investment is crucial in taking us to the next stage in the development of what will become an exciting and innovative concept in consumer financial planning. I am particularly delighted with the breadth of experience that has come with our new shareholder base and will be looking to tap into this expertise as we move forward to launch.”

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