Wealthbrite, a UK-based commercial awareness and financial literacy programme provider, has recently announced that it has raised $259,000 (£200,000) in pre-seed funding from angel investors.
Wealthbrite, founded in 2021 by Carla Hoppe, provides financial skills training to employees to build commercial acumen and financial literacy. It has worked in the legal, banking, and tech sectors to upskill talent and facilitate high-performing teams through greater financial awareness. The training fosters high-performing teams that comprehend their company’s operations, customer interactions, and contributions to business growth.
Speaking about the company, Founder & CEO of Wealthbrite, Carla Hoppe, said:
Money is the number one cause of mental health issues in the UK. More financial skills are needed, and they are significantly impacting not just individuals but also businesses’ bottom lines. We are building the next generation of rainmakers and wealth builders to deliver economic success for companies and their people. The knock-on effects of building financial skills can be seen in better work performance, better mental health and well-being, and greater social mobility.
This recent pre-seed round came from a diverse group of angel investors representing the UK manufacturing, financial services, and tech sectors. Wealthbrite proudly claims that 70% of its investors are from underrepresented communities, including women, ethnic minorities, and those with lower socioeconomic backgrounds. This diversity in investment reflects the inclusivity and social impact of its mission.
Jo Wetz, CEO of Element Materials Technology and angel investor, added:
If we’re serious about creating opportunities and reducing inequality in the UK, understanding how money works is a critical foundational step. That’s why I’m excited to be backing Wealthbrite to make this happen.
With the UK’s poor financial literacy costing the economy an estimated £20 billion annually, Wealthbrite aims to bridge this productivity gap through improved financial skills. The funding will not only enable the firm to expand its team but also to invest in its AI capabilities, a move that promises exciting and innovative future developments.
