# Mist Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mist-financial-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.gomist.co/
- Total disclosed funding: $1.6M
- Latest round: Seed (Dec 14, 2023)
- Investors on record: 5

## About

Established in 2022 and based in New South Wales, Australia, Mist Financial Pty Ltd. operates as a provider of SIM plans and online banking solutions using a mobile application. Dave Malcolm and John Crutchley (CEO) are the co-founders of the company. In December 2023, Mist Financial Pty Ltd. raised USD 1.6 million in seed funding from Investible, Allectus Capital, Archangel Ventures, SeedSpace Venture Capital, and Hunter Angels Pty Ltd.

The company provides a mobile application, Mist, that allows international students venturing abroad by offering comprehensive assistance in setting up and managing financial and communication essentials prior to departure. The app handles banking arrangements, payments, and SIM plans, ensuring a transition into a new country. Mist collaborates with entities across the global education, telecommunications, and financial sectors like English Australia, Global Study Partners, Xtreme Communications, and ISIC, with a primary focus on pre-arrival preparations. In addition, the company’s app allows users to establish bank accounts and secure Visa cards, enabling easy access to funds upon arrival.

The organization plans to use the December 2023 funding to accelerate its service launch.

## Funding rounds

- Seed, Dec 14, 2023, $1.6M — Hunter Angels, Archangel Ventures, Investible, Allectus Capital, SeedSpace Venture Capital

## Investors

- Hunter Angels (https://capitalatlas.ai/funds/hunter-angels) — Seed
- Archangel Ventures (https://capitalatlas.ai/funds/archangel-ventures) — Seed
- Investible (https://capitalatlas.ai/funds/investible) — Seed
- Allectus Capital (https://capitalatlas.ai/funds/allectus-capital) — Seed
- SeedSpace Venture Capital (https://capitalatlas.ai/funds/seedspace-venture-capital) — Seed