Nosso Limited
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Nosso Limited - overview
Established
2020
Location
Cambridge, -, UK
Primary Industry
Financial Services
About
Founded in 2020 by Youssef Darwich and Sigurjon Isaksson, and based in London, the UK, Nosso Limited, formerly known as Hapi Plan, operates as a mobile-based financial planning platform for the future of children. In February 2022, Nosso Limited raised GBP 2. 1 million in seed funding co-led by new investors Octopus Ventures, Anthemis Group, Entrepreneur First, and Ventures Together. Nosso Limited develops an app that offers children investment accounts: Junior Stocks & Shares ISA and General Investment Account, which can be tracked and managed by parents together.
The platform provides each user with a unique contribution link that they can share with anyone. This allows grandparents as well as other family and friends to contribute directly with no additional paperwork and without a Nosso account. The app also allows family members to leave messages and pictures with their contributions. The company generates revenue by charging an annual platform fee of 0.
5%, deducted from the customers' accounts for managing investments. The annual fund charges of 0. 25% to 0. 3% are charged by the fund manager BlackRock.
The company plans to use the funding to launch financial products regularly for family financial planning.
Primary Industry
Financial Services
Sub Industries
Accounting Services, Accounting/Finance Software
Website
www.withnosso.com
Verticals
FinTech, Mobile Apps
Company Stage
Ceased Operations
Total Amount Raised
Subscriber access only
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