Using Wollit > Wollit Receives Additional Funding from Fuel Ventures
Wollit Receives Additional Funding from Fuel Ventures
2 minute read · Updated 3rd July 2024Wollit, the credit-building app empowering people to take control of their financial futures, today announced additional funding from Fuel Ventures. This brings Fuel's total investment in the company to £3m, reflecting Wollit's rapid growth and its surpassing of 100,000 users on the platform.
Fuel Ventures' ‘Follow-On EIS Fund’ and its newly launched ‘VCT Fund’ both participated in this funding round. They join existing investors Anthemis, Spanish banking giant BBVA, TriplePoint Ventures, Form Ventures, Plug n Play Ventures, and strategic angels.
"This funding will power our mission to help over 1 million people build stronger credit and achieve greater financial inclusion by the end of 2025," said Liad Shababo, CEO of Wollit.
This investment will help the company offer more products, grow its team, and reach more customers through strategic marketing and business initiatives.
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