Veridian Ventures invests in Maji to Cultivate Employee Financial Wellbeing
London-based angel syndicate, Veridian Ventures, completed a £150,000 investment in Maji, “a market leading financial wellbeing and open finance platform that educates and coaches employees to build their financial resilience, confidence and ability to save for the future”. This investment forms part of Maji’s £500,000 seed funding round, demonstrating Veridian Ventures’ commitment to supporting innovative ventures tackling challenges like financial stress and lack of financial literacy.
Maji CEO and co-founder Sahil Sethi, said: “We know that the majority of people are not saving enough for retirement which is storing up a massive problem for the future. To top that, the cost of living crisis is driving increased stress and anxiety in employees which is impacting productivity and retention for employers. Maji is the missing piece of the puzzle in the employer benefit lineup that in time will be offered by the majority of the employers.”
Maji’s comprehensive platform provides employees with personalised tools and resources to manage their finances, build savings, and access expert guidance, allowing companies to demonstrate their commitment to employee care while reaping positive returns through increased engagement and reduced absenteeism.
Partner at Veridian Ventures, Dan Schonfeld added: “We are excited to make this £150k investment in Maji and support their mission to build a financially secure future for everyone. Their platform not only empowers individuals but also creates a win-win for businesses, promoting a healthier and more productive workforce. Maji’s data-driven approach and commitment to financial inclusion align perfectly with Veridian Ventures’ focus on impactful and sustainable ventures.”