Millennial banking startup Loot raised another £2.5m

Loot, a banking services app pitched at millennials, topped up its seed funding round with an extra £2.5 million ($3.1 million), taking the total raised this year to £4 million. The growth funding comes 5 months after the London startup raised £1.5 million to build a banking app for “Generation Snapchat.” Loot is a pre-paid card linked to a money management app that lets people track and gain insight from their spending. The new version of its app will also feature savings tools and targeted offers. Read more: