Spanish app startup offering money saving solutions for millennials secures €2.2M funding

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Managing finances is itself an exhaustive task especially for people having limited pecuniary knowledge. Barcelona-based startup Goin has converted this intricate task into a hassle-free experience. The fintech startup offers an automatic digital solution for savings and investments.

Leading venture capitalists in fintech sector invested in Goin

Goin has secured a total of €2.2 million in a funding round led by Anthemis, a prominent VC firm in fintech arena. Besides, Carina Szpilka, one of the significant woman figure in the Spanish finance sector has also participated in the investment round. Other investors include Iñaki Arrola (K Fund), Carlos Blanco and Oriol Juncosa (Encomenda Smart Capital) and Eneko Knorr (Angel Club).

Yann Ranchere, Partner at Anthemis expressed, “We are proud to support the Goin team in their mission to help millennials achieve their goals by making finance simpler and more transparent.”

Further, he added, “Goin’s focus on placing goal-oriented savings at the core of the user experience while abstracting the friction of financial services is unique. We look forward to supporting their development in Spain and Europe.”

Goin won the 2018 AngelHack Silicon Valley Hackathon award

Goin was started by Carlos Rodríguez Antón, David Riudor and Gabriel Esteban Gullónin in March 2018. It is the foremost automatic savings and investment platform in Spain to accomplish financial goals. Integrating with their bank accounts, the fintech startup enables users to save money in a seamless manner without any expert help.

Within a year, Goin has achieved 100,000+ users carrying transactions over €100 million, with a total of €3 million saved and invested by its users. Notably, Goin won many awards including the 2018 AngelHack Silicon Valley Hackathon award for Best Worldwide Seed Startup category for its excellent performance.

Goin’s CEO David Riudor articulated, “​Goin automates savings and facilitates investment for our users so that they only have to focus on defining their goals. Managing finances is something that most ordinary people don’t like to do. That is why our mission is for our users to make the most out of their money without having deep financial knowledge.”

The startup is going to utilise the latest fund infusion to widen its team and scale its market share in Spain. Further, instigation of its operation in the European financial space will be in priority.

Stay tuned to Silicon Canals for more updates in the tech startup world.

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