Nosso - making investment a family thing
by Startacus Admin
The lowdown on London-based fintech startup Nosso and its platform where you, your family and friends can invest to fund your child’s big moments.
Among the many terrors of raising a child - will they be swallowed by a python if you turn your back; is your toddler displaying sociopathic tendencies; was that a sneeze or the Black Death - there are significant financial considerations for their future.
Sure, the keyword is their future, but we have to pay for it! Your child will need to go to school, college, university, Machu Picchu, they’ll need a Playstation 7, a 32K TV, and a prom dress that costs more than a wedding dress. And obviously, we are happy to invest in their future. Perhaps other family or even friends would be happy to pitch in?
London-based fintech startup Nosso has created a platform for people to fund investments to, in turn, fund your child’s big moments (or perhaps to save so that they can look after you when you’re old, but that’s on their conscience).
There are no birth certificates and mountains of paperwork to set up an account, and you can easily add a partner so that not only one parent or guardian manages it alone. You choose a risk level that you are comfortable with for the investments, and the theme of those investments - such as carbon reducing projects, health, water - and it’s time to start gambling that college fund. Although only 10% of the money in the account will be used in investments. A handy link means that anyone else who wants to chip in to the investment account can do so, and can leave a message and photo with their gift.
In March, Nosso won Best JISA and Best New Investment Platform 2022 from Boring Money, which comes hot on the heels of their February announcement that they had raised £2 million in a funding round led by Octopus Ventures and Anthemis. Currently, the platform allows investment via Junior ISAs or General Investment Accounts, but this funding will help Nosso launch additional financial products in the future, including more flexible Junior Investment Accounts.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The lowdown on Manchester-based startup Sticky and its innovative no-code solution to help businesses turn any physical space into an engagement opportunity.
Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
The group payments solution that's better for businesses and customers alike, thanks to innovative fintech startup Hands In.
The lowdown on FuturePlus, the startup that's on a mission to make sustainability accessible, achievable and affordable for all businesses.
.jpg)
John McLachlan, author and co-founder of Monkey Puzzle Training & Consultancy examines the differences between action-oriented and reflective leaders and which approach is best.
The fitness app that's not just about physical fitness; GoJoe helps employers to engage, motivate and connect their people across all pillars of wellbeing.
Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
London-based startup Deep Render tackles the internet’s data and bandwidth challenges via its innovative AI-powered file compression technology.
Published on: 11th March 2022
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startup Sook Receives Investment from Tobin Capital 24th May 2023 Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
- L Marks Seeking Startups and Scaleups for Sodexo Healthcare and Seniors Accelerator 23rd May 2023 Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
- United Utilities Innovation Lab launches call-out for innovative ideas for fifth programme 18th May 2023 Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
- OneTech Spins Out from Capital Enterprise to Support Underserved Communities in Tech Across the UK 18th May 2023 Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
