NEWS
Financial well-being start-up closes US $ 4.75 million funding round
Financial well-being start-up , Mintago , has closed a US $ 4.75 million funding round to further enhance its platform and accelerate its growth across the UK . Mintago , a Financial Conduct Authority-regulated company , offers one of the UK ’ s most complete and inclusive financial well-being solution .
Founded in 2019 by Chieu Cao , the former Co-Founder and CMO of Perkbox , Mintago helps employers to attract top talent , retain existing employees and boost productivity . It also enables businesses to reduce their national insurance costs and foster a more positive workplace culture .
Mintago ’ s powerful financial well-being platform is designed to help employees tackle their most pressing financial needs , such as managing pension contributions and locating lost pension pots through its Pension Hunter tool . The platform also enables employees to take control of their finances with free access to financial advisers , debt counselling , savings tools and unbiased financial education programmes .
Chieu Cao and Daniel Conti from Mintago
Nearly half as many people are launching businesses as 20 years ago
According to a study conducted by BDC in collaboration with the Université de Montréal , not enough people are starting businesses to replace those closing their doors .
Despite a population of 40 million , Canada has 100,000 fewer entrepreneurs than it did 20 years ago , according to the study released as part of BDC Small Business Week .
This general trend is alarming . By 2022 , only 1.3 persons out of 1,000 had started a business , compared to 3 out of every 1,000 in the year 2000 . “ This is worrying because entrepreneurship is crucial to the economy , fuelling innovation and economic growth ,” said Pierre Cléroux , Vice-President , Research and Chief Economist at BDC .
The report identifies several factors contributing to this decline , including low unemployment , high wages an ageing population and a more complex business environment . www . intelligentfin . tech
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