| Founded | 2018 |
|---|---|
| Closed | 2021 |
| Country | UK |
| Sector | Fintech |
| Total raised | ~£25M (seed rounds, 2017–2020) |
| Collapse type | Silent Shutdown |
| Founder | Aritra Chakravarti |
Dozens
"UK savings app offering 5% interest on bonds raised £33M. Could not reach profitability. Shut October 2021 with 30,000 customers."
Quiet closure with no public announcement
Key Events Timeline
Dozens was founded in 2018 by Aritra Chakravarti in London as a savings-focused digital bank with a differentiated proposition: instead of fractional interest rates, Dozens offered savings "Bonds" paying up to 5% annual interest when the Bank of England base rate was essentially zero.
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