Nutmeg creates drip-feed Isa facility

"Investments are likely to fluctuate over the short term, but as long as you're investing for the long term, there should be time to ride this out, and take advantage of long-term growth."

In October 2018 it was reported that Nutmeg's losses have continued to grow, reaching £12.3m for 2017.

The robo-adviser, which was founded in 2011, has yet to make a profit and saw its losses increase by £4m over the course of last year.

While the company's turnover increased by £2m to £4.5m, its operating expenses increased by more than double this, going up from £11.9m in 2016 to £16.9m in 2017.