Farewill, which currently produces one in 30 wills in the UK, plans to use funding injection to double the size of its workforce and increase its customer support.

In its latest funding round, it has received investments from funds including Augmentum Fintech, Transferwise and Taavet Hinrikus.

Co-founder and chief executive Dan Garrett said: “Dying is the largest financial event of your life, with £1 trillion expected to pass between generations over the next years.

“We have a unique and exciting opportunity to lead the way in building simple, easy-to-use tools for dealing with death, putting people back in control.”