Well up to a point. Nutmeg is nothing special in technical terms, pretty unsuccessful in attracting clients and mildly embarrassing for backers who have already invested more than £50 million in it. It is not so much going from strength to strength as loss to loss, the latest being £9 million.  Existing shareholders — who include Michael Spencer of Icap, Charles Dunstone of Carphone Warehouse, Balderton Capital, which previously backed LoveFilm and Zopa, and asset management group Schroders — will surely be grateful this Asian house has come along with deep pockets and open wallet.

http://www.standard.co.uk/business/anthony-hilton-nutmegs-a-bad-choice-to-spice-up-fintech-chancellor-a3396896.html