ilumoni announced raising $450k from Move Ventures and angel investors Simon Moran and Andy Deller.

ilumoni, a Barnsley, UK-based provider of a mobile app for providing consumer financial loans, announced that it secured a $450k funding round.

The money was raised from local UK investors including Move Ventures and angel investors Simon Moran and Andy Deller. The company is planning to use the funding to focus on product development and is preparing for a second fundraise to take the product to market launch and beyond.

ilumoni, founded in 2019 by Jonathan Corner and CEO Gary Wigglesworth, developed a mobile app that provides personal insights to help users take action and make important changes to their borrowing, based on analysis, affordability, and eligibility. The app uses open banking and credit data combined with market information to build a fast, accurate, and realistic picture of the user’s debt.