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Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

2) Who will be the controller of your data?

Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

5) What are your rights to your data?

You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den
cl@angelsden.com

  • £ 150,000 FUNDED SO FAR (50 %)
  • £ 399,997 MAXIMUM TARGET
  • 23.53% EQUITY
  • 74 DAYS
  • SIGN IN TO SEE MORE
50%

FINMO - Investment Opportunity

Finmo is re-imagining financial services by building tailored products and services to help the challengers, independents & self-starters of the world build their financial success. Starting with taxes, the Finmo solution allows users to understand, in real-time, how much they have and how much they owe to the government. Through innovative features like My Rules and an easy to use transactions screen, the 75% of people who use their personal account for business expenses can quickly and easily manage their business. Exciting partnerships are progressing through the sales cycle. The team has closed a lead investor and the first £150k of the round.

THE IDEA
Products & Services

Finmo's user friendly mobile application has advanced features for the self-employed people who use their personal bank account to conduct business. Members connect their bank account and build Rules to automatically tag transactions as business or personal. Members reconcile their account each week or month with an easy to use, gamified reconciliation tool. Usually a mundane task, Finmo has uniquely focused its designers to make this process smooth and engaging. The end result is a tax calculation in real-time and a forecasted tax bill so Members know how much to save and when. When it comes time to file a self-assessment, Finmo connects Members to an accountant to submit to HMRC.

Problem Solved

Financial Services have failed to provide products and services that work for freelancers, contractors and the self-employed. At the core, the ability to measure risk on these businesses is non-existent. Finmo has started the journey to solve this problem by focusing on a smaller one. 70% of freelancers use their personal current accounts for business transactions. This makes business admin and taxes very difficult. Users don't have an easy way to keep track of their business nor do they know how much they owe in tax at any given point in the year. Further, there is a lack of education on how taxes are calculated.

Revenue Model

Finmo monetises by cross-selling products and services and by licensing its product out to accountants. The first service Finmo will provide is the ability to fill out a self-assessment form and connect an individual with an accountant. Because the data is in an easy to compile format, aggregating everything and filling in the self-assessment is much easier than with spreadsheets and shoeboxes. Therefore, Finmo can offer that service for much cheaper. The second model is white-labelling the solution to accountants and giving them the ability to use Finmo's back-end account management system.

Exit Strategy
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Minimum Target £ 300,000 Maximum Target £ 399,997 Minimum investment amount £ 25,000 Maximum investment amount £ 100,000
Share On Website Visit site Location LONDON
Gallery

The Idea

Products & Services

Finmo's user friendly mobile application has advanced features for the self-employed people who use their personal bank account to conduct business. Members connect their bank account and build Rules to automatically tag transactions as business or personal. Members reconcile their account each week or month with an easy to use, gamified reconciliation tool. Usually a mundane task, Finmo has uniquely focused its designers to make this process smooth and engaging. The end result is a tax calculation in real-time and a forecasted tax bill so Members know how much to save and when. When it comes time to file a self-assessment, Finmo connects Members to an accountant to submit to HMRC.

Problem Solved

Financial Services have failed to provide products and services that work for freelancers, contractors and the self-employed. At the core, the ability to measure risk on these businesses is non-existent. Finmo has started the journey to solve this problem by focusing on a smaller one. 70% of freelancers use their personal current accounts for business transactions. This makes business admin and taxes very difficult. Users don't have an easy way to keep track of their business nor do they know how much they owe in tax at any given point in the year. Further, there is a lack of education on how taxes are calculated.

Revenue Model

Finmo monetises by cross-selling products and services and by licensing its product out to accountants. The first service Finmo will provide is the ability to fill out a self-assessment form and connect an individual with an accountant. Because the data is in an easy to compile format, aggregating everything and filling in the self-assessment is much easier than with spreadsheets and shoeboxes. Therefore, Finmo can offer that service for much cheaper. The second model is white-labelling the solution to accountants and giving them the ability to use Finmo's back-end account management system.

Exit Strategy
You have to log in or register to see this information.
You have to log in or register to see this information.
You have to log in or register to see this information.
You have to log in or register to see this information.
You have to log in or register to see this information.
You have to log in or register to see this information.
  • £ 150,000 FUNDED SO FAR (50 %)
  • £ 399,997 MAXIMUM TARGET
  • 23.53% EQUITY
  • 74 DAYS
  • SIGN IN TO SEE MORE
50%