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Dozens
Description
dozens is a trading name of Project Imagine Ltd, a company registered in England and Wales (No. 11153882). They are not a bank. Unlike most other financial institutions we don’t want to profit from personal debt, that is things like overdrafts and credit. Instead, our business model is focused on helping you save and grow your money. Because we are as committed to creating value for our customers as we are for our employees and shareholders. And we also want to make sure it is distributed among everyone in a fair way.
Overview
| Type: | Private |
| Funding Status: | Equity Crowdfunding |
| Foundation year: | 2018 |
| Location: | London, United Kingdom |
| Number of employees: | 51-100 |
| Founders: | Aritra Chakravarty |
| Website: | https://www.dozens.com/ |
Target geographic market:
Europe
Awards:
No
About Product/Service
| Products | Current account, card, app, spending report features, budgeting features, savings product, investment bond product, investment account |
|---|---|
| Core product offerings for individual/retail customers | UK current account |
| Regulators/Compliance | Dozens is a trading name of Project Imagine Ltd. Project Imagine Ltd has an e-money licence and an investments licence from the UK’s financial regulator, the Financial Conduct Authority (FCA). Dozens' FCA firm reference numbers are 900894 and 814281. Money is protected under the Financial Services Compensation Scheme (FSCS). |
| Pricing | Dozens will charge fees on investments that are made of two parts: 1) Dozens fee. 0.5% of the total value of your investment. If you’re not making any money out of your investment, the fee won’t be charged. 2) Strategy fees. When you invest, Dozens invests your money in a series of funds on your behalf. They’ll charge a fee that won’t be included in your annual management fee. |
| The Base Currency | £ (GBP) |
| Product cost | Free |
|---|---|
| Openning a current account (business and personal) | Free |
| Monthly fees | Free |
| Money transfers/payments | Free |
| ATM withdrawals | Free |
| (a) a personal account | Yes |
Funding rounds
| Last Funding Date | Mar 25, 2019 |
|---|---|
| Last Funding Amount | £3.8M |
| Last Funding Type | Equity Crowdfunding |
| Total Funding Amount | £3.8M |
| Number of Funding Rounds | 1 |
Financials
| Customer/Products segments | Banking, fintech, savings, investing, payments |
|---|---|
| Key product offering | current account, a smart budgeting tool and an investment provider in one app, along with cash rewards for good financial behaviour |
| Banking license | No |
| Type of customers | Individuals |
| Number of investors | N/A |
| Number of lead investors | N/A |
| Names of lead investors | N/A |
Tech stack
Competitors
| Founding Date | Type | Tags | |
x Monzo Monzo (previously Mondo) is a digital, mobile-... | 2015 | Private | fintech, challenger banks |
x Tide Tide is a business banking platform dedicated to... | 2015 | Private | Challenger banks, fintech |
x Trezeo Trezeo also enables (platform) companies to... | 2016 | Private | Challenger banks, fintech |
x Dave Dave is a leading US challenger bank on a mission... | 2016 | Private | challenger banks, fintech |
x Monese We’re reimagining the way banking works. We make... | 2013 | Private | fintech, challenger banks |
Reviews
3.4 out of 5
| Number of uploads: | 36 809 |
| Number of reviews: | 198 |
| Updated: | November 10, 2020 |
| Last Version: | 1.11.5 |
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