Sibstar, the debit card and app for adults who need help managing their everyday money, today launches its crowdfunding campaign on Crowdcube’s platform, with the aim of securing a total of £350,000.
The funds raised will accelerate Sibstar’s mission to expand financial inclusion and enable adults to spend safely. The crowdfunding campaign provides people with the opportunity to invest in one of the UK’s most exciting fintechs. Sibstar has already secured investment from notable Dragons’ Den figures Sara Davies and Deborah Meaden.
Jayne Sibley, CEO, founded Sibstar after witnessing firsthand the challenges her parents faced with managing money while living with dementia. Determined to find a better solution, she developed a secure debit card and app designed to help any adult maintain financial independence in a safe and secure way.
What started as a mission to support those with dementia has quickly expanded to include all adults finding money management difficult from those with learning disabilities and mental health conditions to adults at risk of financial abuse or in addiction recovery.
Around half of UK adults show one or more characteristics of financial vulnerability – this is not a small market. By broadening its reach, Sibstar is ensuring that more people – and their families – have access to the tools they need to spend safely and stay financially included.
Backed by leading investors, banks, and charities, Sibstar has experienced remarkable growth over the past year. Notably, the company was named one of Bloomberg UK’s Top 25 Startups to Watch for 2024, while earlier this month, Jayne earned a place on Innovate Finance’s Women in Fintech Powerlist.
The funds raised through this campaign will be used to develop new product features, scale operations, and expand Sibstar’s reach across the UK. Investors will have the unique opportunity to be part of a growing fintech with a strong social mission at its heart.
Potential investors can join Sibstar’s mission through investing as little as £10 in the business via its crowdfunding platform on Crowdcube. Early access to investment is now live.
“Sibstar was born out of my personal experience caring for my parents, but what started as an idea has developed into an innovative fintech at the forefront of financial inclusion efforts,” said Jayne Sibley, CEO and co-founder of Sibstar. “We’re now expanding our product to support all adults that require help managing their everyday money. We’re already supporting people with learning disabilities, mental health conditions, and addictions. We want to demonstrate that everybody deserves, and can have, control over their finances in a safe and supported way.”
“Sibstar is transforming the way the banking industry supports a hugely underserved audience by providing a secure and practical solution for those who need it most,” comments Louise Hill, CEO of GoHenry and Non-Executive Director at Sibstar. “Their approach is not only empowering these adults and their families but also setting a new standard for financial inclusion. I fully support their crowdfunding campaign and strongly encourage others to join Sibstar’s mission to achieve safer spending for all.”
Visit Sibstar’s crowdfunding page to see how you can get involved: https://www.crowdcube.com/early-access/sibstar
Read the orginal article: https://ffnews.com/newsarticle/funding/sibstar-launches-crowdfunding-campaign-on-crowdcube-to-boost-financial-inclusion/
