Hong Kong-based personal finance app gini has secured a seed funding round of $1.6 million from Vectr Ventures as well as international institutions.
The company said it will use the proceeds for a global roll-out plan to make gini compatible with more than 3,000 overseas banks in 60 countries by the second half this year.
The platform has already worked with over 60 banks across Hong Kong, France, Switzerland and the UK.
This expansion plan is in partnership with Salt Edge, a global financial data aggregation provider.
The gini app allows users to bring their accounts and credit cards in one place, and handle their personal finances. With its soft launch in March 2018, it had garnered more than 20,000 users in Hong Kong and handled over HK$6 billion ($764.7 million) in transactions as of the end of 2018.
“We live in a globalised world. Ultimately, our goal is to build a truly worldwide financial marketplace, to service not just a user’s home market but make managing money across markets accessible and easy for anyone. This new seed round allows us to start making that vision a reality,” said gini’s CEO Raymond Wyand.
Hong Kong-based Vectr Ventures typically invests in Seed to Series A stage globally. Its focus themes are consumer technology, smart hardware, digital media, biotech and artificial intelligence.