Glasgow fintech start-up raises £3.5 million funding

24 Jul 2020

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.