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Technology

Lumio

Status: Active

Feb 16th 2021 - Mar 18th 2021

Lumio is an intelligent and independent application that intends to help people grow their money on autopilot. Lumio argues that £176 billion of lazy money is depreciating in the UK while for Europe, that number stands at £10 trillion. Lumio aims to optimise this money for everyone so that everyone can gain access to financial security and decide their financial future. The company claims that over £90 million worth of user transactions has been analysed by its smart algorithm. It has more than 6000 users on iOS and Android, which is growing 20% monthly. Lumio was recognised as part of the 'Top 100 Fintech Disruptor' by BusinessCloud in 2020, ahead of Monzo and Seedrs. It has also featured in Forbes, Tech Nation and Sifted by FT. It will use the investment to grow 1 million customers' money by 2024 and accelerate financial independence and personal progress through its technology.

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Lumio Rating Review

Pitch rating powered by CROWDRATING

Rated on 23/02/2021

Pitch Rated

85%

Gold

Management

87%

Product

81%

Investment

88%

Log in to view amount pledged

    Log in to view target

    £3,498,659
    pre-money valuation

    6.67%
    equity available

    1,286
    investors

    £894
    pledge per investor

    10257486
    company number

    Active
    company status

    29/06/2016
    incorporated 8 years

    £2.52
    share price

    Previous Funding rounds
    28 Mar 24 Crowdcube £1,149,659 / 460% 85.33%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 87%

Skills 82%
Lumio Technologies Ltd management team includes skilled professionals with expertise in management, technology, sales, marketing and finance. It consists of an experienced Founder/CEO, Co-founder/CPO, Co-founder/COO, and a CTO. The Founder/CEO is competent in business analysis, investment management, derivatives, financial modelling and asset management. He also has prior experience working at the same stage of business growth and handles the Sales and Marketing department in the company. The Co-founder/CPO is skilled in new product development, financial markets and fintech. He is the driving force behind the development of the Lumio platform and handles the company's finance department. The Co-founder/COO is proficient in cross-border transactions, financial regulation, corporate law and securities regulation. The CTO has expertise in software development, Linux system administration, SQL, and Nginx.

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Funding progress

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Pitch Rated

77%

Overall

rating powered by

CROWD RATING™

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Log in to view amount pledged

    Log in to view target

    £3,498,659
    pre-money valuation

    6.67%
    equity available

    1,286
    investors

    £894
    pledge per investor

    10257486
    company number

    Active
    company status

    29/06/2016
    incorporated 8 years

    £2.52
    share price

    Previous Funding rounds
    29 Mar 24 Crowdcube £1,149,659 / 460% 85.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph