In a recent development, Dutch start-up Dyme raises €600,000 in seed funding led by venture capital firm Peak Capital. The company is planning to utilise the fund to improve its innovative technology and to acquire its first 100,000 active users. Notably, this marks the first investment of Peak’s fourth fund, which is set to invest €66 million in total.
Last year, Dyme received a pre-seed investment from student investment fund ASIF and former ING CEO Hans van der Noordaa. For the uninitiated, Amsterdam-based Dyme lets users connect their bank accounts and provides a clear overview of their finances. The app automatically detects subscriptions and hidden fees and enables users to cancel or change any contract with a single click.