UK-based wealth analytics startup Starbo storms past crowdfunding target

Strabo, which offers wealth analytics and a customisable investment dashboard, has surpassed its crowdfunding target, with 16 days still left.

The company, which was initially targeting ?175,000, has raised ?195,000, at the time of writing.

Strabo has offered 12.68% of its shares at a price of ?0.0878 apiece. Its pre-money valuation is ?1.4m.

Founded in 2010, the company was designed to give retail investors with the tools to improve their money management.

In its crowdfunding campaign on Seedrs, it states 55% of millennials are uncomfortable with their money management skills. It also believes that most consumer finance is focused on budgeting and daily savings, or complex wealth management, with no middle ground.

Strabo is a fully customisable investment dashboard for global assets. It boasts automated net-worth tracking, with easy information analysis across many asset classes, including bank accounts, credit cards, investments, loans, real estate, crypto, collectibles and businesses.

With this information, Strabo claims users can rebalance their investments to maintain a target allocation, as well as set and track performance towards investment goals.

It currently has 140 active beta users, with over 1,100 signed up for the launch in July. Strabo beta is live across 12 countries and 10,000 financial institutions.

The company is looking to release in-app currency transfers, debt manager, tax planning tools and more.

Last week, private market investing app ADDX closed its pre-Series B funding round on $58m.

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