
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.
-
£678,350
pledged -
271%
of goal
£250,000
target
£3,500,000
pre-money valuation
6.67%
equity available
830
investors
£817
pledge per investor
10257486
company number
Active
company status
29/06/2016
incorporated 5 years
£2.52
share price
Previous Funding rounds
16 Feb 21 | Crowdcube | £678,350 / 271% |
Officers
Charles William Joseph Richardson
Appointed: 29-06-2016
Thomas Samuel Anthony Richardson
Appointed: 29-06-2016
Adrian Shedden
Appointed: 01-04-2019
News
Success: Personal Financing App Lumio Surpasses £250,000 Target Through Crowdcube Funding Round - Crowdfund Insider
16/02/2021 Crowdfund Insider
Lumio’s light-filled speaker is meant to be cracked open - The Verge
20/10/2020 The Verge
Lumio chooses Moneyhub's Open Finance APIs to help young professionals - TechSPARK
03/06/2020 TechSPARK
Lumio's Teno Packs a Lamp and a Speaker Within Its Stone-Like Shell - HYPEBEAST
05/11/2020 HYPEBEAST
From the creator of Lumio, this brilliant sculpture, er speaker, is the bit of magic we all need now. - 7x7
27/10/2020 7x7
Lumio Teno bowl-shaped speaker can be cracked open to reveal light - Gadget Flow
22/11/2020 Gadget Flow
Startup for 10: Lumio - TechSPARK
09/10/2019 TechSPARK
Lumio’s Teno, a light-filled speaker with a crack open - Micky News
22/10/2020 Micky News
Nescafé Dolce Gusto Lumio coffee machine review - Real Homes
06/11/2019 Real Homes
Lumio Book Lamp Review 2018 - Why People Love This Folding Book Light - HouseBeautiful.com
17/09/2018 HouseBeautiful.com
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