[UK] Money Dashboard – which is gunning to be the Mint.com for the UK – has completed a new funding round, securing £1 million of investment via a consortium of investors. These are from the public and private sector and include Par Syndicate, Money Dashboard’s management team and a number of other individuals. Scottish Enterprise Co-Investment fund has matched Par Syndicate’s investment.
Money Dashboard’s board is quite heavyweight, made up of some of Scotland’s successful businessmen, including chairman Stuart Sinclair, former CEO of Tesco Personal Finance and GE Capital in the UK and China and David Robinson, founder and former CEO of Bright Grey.
Gavin Littlejohn, Money Dashboard’s CEO will no doubt be please. Money Dashboard’s business model follows Mint.com’s, which was sold last month for $170m.
Money Dashboard is initially targeting the 20-40 year old market and will be competing in the market with Kublax.
The site is in alpha and currently taking registrations with a closed beta launch planned for later this year.