See other companies on Otta
Lumio
Centralised personal finance platform
- 1-20 employees
- Fintech
- B2C
- Personal finance
- SaaS
- Bristol & London
Jump to section
Company mission
To create a world in which everyone has the financial security and peace of mind to decide their future.
Otta's take
Sam Franklin
CEO of Otta
Young professionals' money largely sits in current accounts depreciating, and they often lack the time and financial literacy to change that. Further, money is used inefficiently through poor savings rates, extortionate investment fees, and high-interest credit and loans. Lumio is helping millennials navigate the growing and intricate marketplace and take control of their finances by developing a smart and simple app.
The company finds clever ways for users to grow their money. Users can connect their accounts using Open Finance and start tracking, planning and growing their financial life. Lumio operates through an independent app, with an interface that is both modern and easy to use. By providing an overview of the users' finances and offering guidance on current, savings and investment accounts the company connects people to products so they can make their money work harder for them.
The company's ultimate goal is to grow one million customers' money by 2024. Recognised as part of the top 100 Fintech Disruptor by BusinessCloud in 2020, and with recent funding secured, Lumio is placed well to work towards this aim. Further, the company plans to launch in key EU locations in the near future, which will help propel its growth further.
Benefits
- Flexible and remote-first working, with co-working spaces for collaboration and those who need an office
Company values
- Champion Individuality - Lumio is because our people are
- Inspire Growth - our collective growth inspires challenge and transformation, for everyone’s benefit
- Trust & Commit - commitment to individual accountability and progress, drives trust and our combined success
Funding (last 2 of 4 rounds)
Mar 2023
$0.3m
GRANT
Jul 2022
$0.5m
SEED
$2.4m
Total funding
This company has top investors
Founders
Tom Richardson
(CPO)Previously worked as product manager and UX designer at Vitamin London and founded NUDGG a financial research and education company.
Charlie Richardson
(CEO)Spent 4 years at Oakwell Capital working as a financial adviser and worked in business development at Chargifi.
Adrian Shedden
(COO)Prior to founding Lumio Adrian worked as a consultant solicitor at Keystone Law advising on fintech and FS regulation.
Diversity & Inclusion at Lumio
Adrian Shedden (COO)
- We believe that great people come from all backgrounds, so we use a debiased hiring platform (Applied) to ensure our process is fair and bias-free! We have also signed the Fintech for All Charter, are a member of 50inTech, and are a signatory of the All In Pledge. We actively work with our diversity advisor, Sam Seaton (a founding member of Open 51), to improve D&I across Lumio.
Office
Articles
Endorsements
All
Supportive management (2)
Challenging work (1)
Opportunities to learn (1)
Meaningful work (1)
Hard working team (1)
Great work is recognised (1)
People of all backgrounds are welcomed (1)
Inspiring mission (1)
With a small team we have been able to achieve the same result as big teams reached after years of work - all the guys are really incredible! All backend code is written to a high standard using distributed systems practices. On the plus side, there is high test coverage.
Software Engineering
Challenging work
May 2023
I'm inspired by the fact that my teammates really love their work and are dedicated to it. I always know who does anything and who is responsible for a certain job. Colleagues are kind and always helpful.
Software Engineering
Hard working team
May 2023
I'm very inspired by the fact that Lumio developing a project that is laid to help people with their personal finance. And the fast delivery of features allows us to get feedback from customers very quickly.
Software Engineering
Inspiring mission
May 2023
The value of "Championing Individuality" feels really strong - being able to be my authentic self (rather than my best self), mental health days, paid period leave, flexible public / replacement holidays (eg I'm not Christian so can choose alternative days that have meaning to me)....they all feed in.
Operations & Strategy
People of all backgrounds are welcomed
Jun 2022
My manager and management generally put a lot of focus on 121 check-ins (at least weekly, but more frequently if I need it) to understand how I'm feeling, what my personal priorities are and how they can help unblock them. They put a lot of focus on giving me attention and support!
Operations & Strategy
Supportive management
Jun 2022
Being a startup with a really flat structure, where my opinion is always valued, everyone is encouraged to think cross-functionally, get involved in areas that are personally fulfilling and enable everyone to learn - it does mean that you're sometimes doing things outside your comfort zone, but the team is always there to support!
Operations & Strategy
Opportunities to learn
Jun 2022
Everyone at Lumio is onboard with our mission to become the most personalised finance app for people to control and grow their money, and the projects we work on are always the highest priority items in achieving that goal.
Operations & Strategy
Meaningful work
Jun 2022
I have regular catch-ups with my manager and we've had in-depth discussions about my career aspirations and what I need to do to get there. Wherever I need support with a challenge I'm confident that I'll get it from whoever I go to.
Operations & Strategy
Supportive management
Jun 2022
Every 2 weeks we have a company all-hands that includes celebrating people who have done great work in the past fortnight. Outside of those meetings, we're always shouting people out for going above & beyond to support us!
Operations & Strategy
Great work is recognised
Jun 2022