Fintech Startup Mylo Financial Technologies Raises $1 Million

Mylo Financial Technologies completed $1 million in seed financing. Two investors contributed to the round, including Ferst Capital.

Mylo helps users achieve their financial goals by automatically rounding up every purchase made by them and investing the spare change. It can also provide insights on users’ spending behaviors and patterns.

The company intends to use the funds to increase its technical and operations teams, expand its user base, and complete the acquisition of a registered asset management firm.