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 customersUK current account
Regulators/ComplianceDozens 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).
PricingDozens 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 costFree
Openning a current account (business and personal)Free
Monthly feesFree
Money transfers/paymentsFree
ATM withdrawalsFree
(a) a personal accountYes

Key people

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 offeringcurrent account, a smart budgeting tool and an investment provider in one app, along with cash rewards for good financial behaviour
Banking licenseNo
Type of customersIndividuals
Number of investors N/A
Number of lead investorsN/A
Names of lead investorsN/A

Tech stack

Competitors

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Reviews

3.4 out of 5

Number of uploads: 36 809
Number of reviews: 198
Updated: November 10, 2020
Last Version: 1.11.5