Ashfords is pleased to have advised Social Impact Enterprises* on its participation in a £6 million funding round for Mintago, a pioneering financial wellbeing platform that empowers employees to manage their finances more effectively, underscoring the investor's commitment to backing innovative companies that drive social change.
This funding will enable Mintago to expand its suite of financial wellbeing solutions, enhance its technology platform, and accelerate its growth within the UK market. Mintago offers a range of services designed to improve employees' financial health, including salary sacrifice schemes, pension management tools, and access to financial education resources. The platform also supports employers in providing comprehensive financial benefits.
Anurag Agarwal, investor at Social Impact Enterprises, added:
'Investing in Mintago aligns perfectly with our mission to support ventures that create meaningful societal impact. Mintago's platform not only enhances financial literacy and wellbeing among employees but also provides tangible benefits to employers. We appreciate the expertise and dedication of the Ashfords team in facilitating this investment, ensuring a seamless process from start to finish.'
Sam Brown, corporate partner at Ashfords, commented:
'We're delighted to have supported Social Impact Enterprises on their investment in Mintago. Mintago's innovative approach to financial wellbeing addresses a critical need in today's workplace, and this investment will undoubtedly help them scale their impact. It's always rewarding to work with investors who are committed to backing companies that deliver both strong financial returns and positive social outcomes.'
Ashfords' corporate team, led by Sam Brown and supported by Barney Sykes and Lauren Hickey, provided full transactional legal support to Social Impact Enterprises throughout the investment process. The investment highlights Ashfords' expertise in advising on impactful investments within the financial technology sector. The investment round was led by Guinness Ventures, with co-investors including Social Impact Enterprises, Love Ventures and Seed X.
Ashfords' corporate team has extensive experience advising and negotiating on the legal aspects that are integral to successful corporate activities for businesses and their investors. Our experts are dedicated to supporting businesses as they deliver their strategies and growth plans across a range of corporate transactions, fundraisings and investments.
For further information, please contact the corporate team.
*Social Impact Enterprises were previously known as Create Impact Ventures.
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