Maslife, a London-based financial and well-being banking app, has secured £3 million funding in a seed capital raise. To date, the company has raised over £5 million.
How will the funding be used?
The funding will be used to support the company’s global growth ambitions, broaden and accelerate product development and develop its proprietary technology further.
Focus on health and wellbeing
Founded in 2019 by Kash Amini, Maslife aims to help people to make more informed and positive lifestyle, well-being, and financial choices. The company was built on the principle that our health and wellbeing are intrinsically linked.
With a full suite of functions, from payments and budgeting tools to transfers and live currency exchange, Maslife is designed to help users easily and consciously manage their money.
Full launch in Spring 2021
Available on both Android and iOS, Maslife is set to launch fully in Spring 2021. Customers can access Maslife’s popular premium account for £10 a month (for a limited time only), which has additional benefits including daily challenges tailored to customers’ saving and wellbeing goals, step & calorie counter, and wellness content like daily guided meditation and rewards from selected wellbeing partners in addition to fitness & financial partners.
Hiring now
They are looking to recruit up to 50 new staff members across their existing offices in London (headquarters), Munich, Marbella, and soon Monaco – giving them the capacity to operate across the whole of Europe.
Founder, Kash Amini commented on the latest investment round saying:
“Attracting this investment demonstrates the belief in our app and shows it’s a solution that people are yearning for. By integrating wellness into a banking platform, Maslife is defining a new category of fintech and all at a touch of a button. By offering highly secure, trusted, and personalised solutions to build financial freedom and embed a mindful mindset, we are empowering customers with all the tools they need to manage their health and wealth”.
He added: “The impact of a global pandemic and all the social and economic restrictions it brought, has driven wellness and general health to the forefront. Maslife is in a unique position to provide that peace of mind when it comes to health, wellness, and finance. With a strong European presence and expert team at the helm, we are very excited to watch Maslife grow from strength to strength.”
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