Wealthbrite Raises £200,000 to Close Financial Literacy Gap
Ed-tech platform Wealthbrite has recently raised £200,000 in a pre-seed round from angel investors, aiming to close the financial literacy gap. The company's AI-powered accelerator programmes help businesses develop financially savvy teams by teaching early career talent the basics of commercial awareness and good financial management. This approach leads to high-performing teams that have a clear understanding of how their company operates and how their role contributes to its success.
Founded in 2021 by Carla Hoppe, Wealthbrite addresses the lack of financial skills in the UK, which is estimated to cost the economy £20 billion annually.
Hoppe, a former partner at a Big Four accountancy firm, recognized the importance of breaking the taboo around financial literacy and its impact on mental health and business performance. With angel investors from various sectors, including manufacturing, financial services, and tech, Wealthbrite aims to invest in its AI capabilities and expand its team to reach more markets and individuals.
Angel investors like Jo Wetz and Mary Bonsor are excited about Wealthbrite's mission to increase social mobility and equip future generations with essential financial skills. The company's focus on building the next generation of wealth builders and rainmakers highlights the importance of understanding how money works and its role in creating opportunities and reducing inequality in the UK. Wealthbrite's award-winning platform has been recognized for its contribution to adult education and its efforts to promote financial awareness and inclusion.
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