{"id":18378,"date":"2019-11-15T12:15:10","date_gmt":"2019-11-15T12:15:10","guid":{"rendered":"https:\/\/seedlegals.com\/resources\/bippit\/"},"modified":"2019-11-15T12:15:10","modified_gmt":"2019-11-15T12:15:10","slug":"bippit","status":"publish","type":"post","link":"https:\/\/seedlegals.com\/ie\/resources\/bippit\/","title":{"rendered":"Bippit: the financial planning app for students and young professionals"},"content":{"rendered":"

Bippit recently closed a seed round on SeedLegals. Samuel Lathey, Co-Founder and CEO of Bippit, the financial planning<\/p>\n

Hey Samuel what made you start Bippit?<\/h3>\n

Hey guys!<\/p>\n

I previously worked for over a decade in the Wealth Management industry, but it was always incredibly frustrating that the Financial Planning services still cost at least \u00a3500, and were only available to the super-rich.<\/p>\n

But now, with next-gen technology like A.I. and Open Banking<\/a>, we can actually automate financial plans for people\u2026 and the best part about being able to automate them, is that we can deliver them for the price of a cup of coffee!<\/p>\n

So we built Bippit <\/a>to deliver financial plans for students and young professionals who haven\u2019t built any meaningful savings yet. You simply connect your accounts to Bippit\u2019s app, we use A.I. to analyse the data, and this delivers an achievable financial plan that takes the guesswork out of managing your finances.<\/p>\n

What funding have you received so far?<\/h3>\n

We closed a modest Angel round earlier this year to get us to market, and we\u2019re now preparing an institutional Seed Round to fuel our continued growth<\/p>\n

How did you find using SeedLegals?<\/h3>\n

I genuinely can\u2019t imagine how we would have navigated the complexity of our funding round without SeedLegals<\/a>\u2026 from negotiating terms, formalising employment contracts, and managing our cap table, I think we have saved 100\u2019s of hours and 1000\u2019s of pounds in total<\/p>\n

As founders, we\u2019re constantly on the look-out for tools and tech that will save time and allow our modest resources to deliver the most progress. Seedlegals offers that in spades, by seamlessly dealing with some of the most time-consuming admin that a Startup will have to deal with.<\/p>\n

How did you find your investors, and were they angels or VCs?<\/h3>\n

Before finding & approaching a number of idea-stage investors, we first bounced our ideas & proposition off some VC\u2019s in the fintech space that I was connected to through my Wealth Management career.<\/p>\n

After further developing the idea, and refining our message, we closed our round with a group of high-level Angel Investors who we found through our network and from requesting warm intros on LinkedIn.<\/p>\n

How did you start indentifying potential investors?<\/h3>\n

A good way to start is by using resources like Crunchbase or LinkedIn to search for Angels. Focus first on those who\u2019ve invested previously in companies at the same stage & in the same industry as you, and then branch out from there.<\/p>\n

What 3 pieces of fundraising advice would you give to other founders?<\/h3>\n