Finance Unlocked, an EdTech platform used by banks, asset managers and law firms, today announced it has raised £1.75M and experienced user growth of 2,800% in 2020, driven in part by COVID-19’s impact on the workplace.
The company also delivered £3M worth of education to university students affected by campus closures and contributed to the national Fintech for Schools educational programme.
Finance Unlocked’s second round of funding from strategic angels includes the managing partner of one of Europe’s largest SaaS VCs, the Chair of one of Europe’s largest banks and the Chair of Europe’s largest higher education EdTech. Clients include Santander, Hogan Lovells and Oxford Said Business School and partnerships include financial media company Euromoney plc, UK Finance, CISI and The Chartered Banker Institute.
Created specifically for the finance industry, this video-delivered and expert-led educational platform has video completion rates of 91%, beating global brands in both the EdTech and Entertainment markets alike, and Trustpilot reviews of 4.8/5 stars.
Henry White, CEO of Finance Unlocked said: “Employers the world over are racing to make rapid and permanent changes to the way they deliver learning and development. The pandemic, and the changing nature of the workplace, have provided fertile ground for disruptors in this space, as well as driving M&A activity in the sector. We focus solely on the financial services sector which is highly receptive to new ways of learning and development. 2021 promises to be an exciting year for us as we set our sights on owning the financial education vertical, challenging established generic providers, to tap into a potential $44Bn market opportunity.”
Finance Unlocked’s founders are Henry White (formerly of Israeli AI scaleup, Edgify, and hedge fund, Davidson Kempner) and Robert Ellison (formerly an investment banker at UBS). The senior management team also includes Prasad Gollakota, Chief Content Officer, (formerly an investment banker at UBS and Bank of America, and currently on the CFA UK content steering committee) and Ciaran Rooney, CTO (previously CTO at EdTech app Busuu and Skimlinks).