Wealthbrite, a London-based company that offers AI-powered accelerator programmes to increase financial literacy in businesses, has secured a pre-seed round of £200,000 from angel investors. The funds will be used to expand the company’s reach into other markets and invest in AI capabilities, as well as to grow its team. Wealthbrite’s education platform provides early career talent with commercial awareness and good financial management skills.
According to the CEO, Carla Hoppe, there is a shortage of financial skills in the UK that is impacting not just individuals but businesses’ bottom lines. “Money is the number one cause of mental health issues in the UK. We need to break the taboo around financial literacy and recognise how critical it is to upskill future generations,” she said.
Wealthbrite’s pre-seed round of funding came from angel investors in the UK manufacturing, financial services, and tech sectors, many of whom are from underrepresented communities, including women, ethnic minorities, and those with lower socioeconomic backgrounds. The CEO believes that building financial skills can lead to better work performance, better mental health and wellbeing, and greater social mobility.
Two of Wealthbrite’s angel investors, Jo Wetz and Mary Bonsor, emphasised the need to increase social mobility and close the financial literacy gap in the UK. “If we’re serious about reducing inequality, understanding how money works is a critical foundational step,” said Wetz. Bonsor added, “We need to close the financial literacy gap, and I’m delighted to be an early-stage investor.”
