ARKK announced raising £7 million from Mobeus Equity.

ARKK, a London, UK-based SAAS developer of financial tools, announced that it was funded by Mobeus Equity.

The total capital of over £7 million ($9.7M) will be used to further improve the product and the company's bottom line.

As part of this financing, Mobeus has strengthened the Board through the addition of Graham Ridgeway as a Non-Executive Director, who will provide additional B2B software experience.

ARKK, founded in 2009 by CEO Richard Metcalfe and Roi Lustik-Cohen, developed a software platform called for:sight, which they say replaces outdated single-purpose finance tools with smart technology.