DMG invests in Coconut

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Dot Matrix Group has invested in Coconut, a bank account serving freelancers and independent workers. Coconut is a business bank account that works out freelancers’ tax, expenses and invoicing.

Sam O’Connor, Co-founder and CEO, said “It’s great to have DMG invest in us at this stage - really good to have them alongside Techstars, Capella Star and others. I know DMG will challenge and stretch us too - Adam and I have already had a bit of this and (I think!) are looking forward to more”.

Matthew, Co-founder of DMG said, “I’ve known Sam and Adam for a couple of years now, since the successfully exited their last business together. London is the centre of the world for FinTech and with the growing (and to-date underserved) freelancer community in the UK there’s a great opportunity to help simplify finances, reduce the anxiety of a looming tax bill and a lot more”.

To find out more about Coconut, click here.

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