NYC based consumer banking app Qapital has raised $4.55m in venture funding led by Industrial Development Fund and Northzone. First started in Stockholm, Sweden, the company's team has since relocated to New York.
Launched in 2012, Qapital is an easy-to-use, daily money management application that allows its users to organize their finances in a single place by connecting with their online accounts. It provides its users with an instant overview of their finances and empowers them to save on small things so that they can spend on things that matter the most. It offers features that are new to banking such as savings-oriented gamification linked to traditional products, including debit cards and saving accounts. The application allows them to choose their goals, set up rules to trigger deposits, and watch their savings grow.