Hong Kong-based spending-tracker gini has completed its seed round and laid out ambitions to be compatible with over 3,000 banks.
Gini, a smart spending-tracker, announced on Wednesday that it has successfully completed its seed round with a $1.6 million investment from both international institutions and Hong Kong-based Vectr Ventures, the early stage fintech venture capital firm.
The co-founders Raymond Wyand and Victor Lang said that the funding will support a global roll out plan, with gini’s aim to be compatible with over 3,000 overseas banks in 60 countries by the second half of 2019.
Not Only for Hong Kong
«We are Hong Kong based, but the plan was never to launch an app only for the Hong Kong market. We live in a globalised world. Ultimately, our goal is to build a truly worldwide financial marketplace, to service not just a user’s home market but make managing money across markets accessible and easy for anyone to do,» said Wyand.
Gini’s partnership with Salt Edge, a global financial data aggregation provider, means that users can connect seamlessly and securely to over 3,000 financial institutions in 60 countries. With its soft launch in March 2018, the app already has more than 20,000 users in Hong Kong and has handled over HK$six billion in transactions.
Adaptable to Overseas Markets
«Gini is solving a pressing problem we all have when accessing and making sense of our personal financial information. We’re excited that the app is leading in Hong Kong and is adaptable to overseas markets,» said Mark Munoz, managing partner, Vectr Fintech Partners.
The first batch of available countries includes the U.K. (38 institutions), and France (11 institutions) and Switzerland (6 institutions) based on current user demand, with more banks to be added in the first half of 2019.
