Home Articles BlueChilli’s Moneysoft raises more than $600k

BlueChilli’s Moneysoft raises more than $600k

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Leading venture technology firm, BlueChilli, recently announced that one of its startup and investment companies – Moneysoft Ltd has closed its third round of funding, bringing the total capital raised to $660k.

Moneysoft, an online personal money tool that brings together financial information from multiple banks to enable goal setting and planning, closed the offer after 12 months and setting a final valuation of $3.3 million.

“It’s an absolute achievement to be at the completion of raising” says Peter Malekas, CEO of Moneysoft, “but the real work begins now in ensuring Australian’s will get to benefit from using Moneysoft”

Moneysoft raised the money in three rounds with each round opening and closing within 6-8 weeks, “which is a testament to the demand of the technology and the unique benefits it delivers, in particular to advisers and accountants”.

Moneysoft has a two-phase development approach with the first phase in beta testing and the final phase, in development by BlueChilli, launching in early 2013.

Moneysoft’s capital raising success is attributed to the collective efforts of its Board, the Australian Small Scales Offering board and Alchemy Equities.

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