Overview of the transaction
Money Dashboard, one of the leading personal financial management tools has announced its sale to ClearScore. ClearScore, based in the UK, provides over 11 million customers with access to credit scores and reports in order to improve their finances. ClearScore empowers customers to increase their credit score, compare and consolidate personal loans and credit cards. The acquisition of Money Dashboard will enable ClearScore to provide customers with greater insight and control over their finances.
Overview of Money Dashboard
Launched in 2010, Money Dashboard leverages Open Banking technology to deliver a web and mobile app to aggregate a user’s current accounts, savings accounts, credit cards, investment and pensions to make managing money quick and easy. Money Dashboard’s proprietary categorisation engine delivers market leading transaction tagging for a harmonised view into daily spending. Money Dashboard goes beyond holistic oversight of accounts by creating tailored, AI-powered budgets and spending plans with actionable insights for account-to-account transfers or recurring payments.
Royal Park Partners' role
Royal Park Partners acted as exclusive financial and strategic advisor to Money Dashboard and its shareholders throughout the transaction.
This transaction highlights Royal Park Partners’ extensive experience in the open banking and personal finance space, and supporting companies achieve strategic exits.
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