5 years ago

Flagstone Raises $15 Million to Expand UK Cash Deposit Marketplace

  • Flagstone, a London-based FinTech company that has developed the UK's largest cash deposit marketplace, has raised $15 million in venture capital

  • The round was led by OMERS Ventures and supported by existing investors including Kindred Capital and Moneysupermarket Group plc

  • Flagstone provides individuals, wealth managers, businesses, and charities with access to hundreds of cash deposit accounts, many with market-leading or exclusive interest rates, from 44 banks

  • The new financing will support the acceleration of Flagstone's plans to extend its penetration of the UK market to new customer segments.

      • ProblemFinancial Services

      "making it difficult for individuals, wealth managers, businesses and charities to find the best interest rates on their cash deposits."

      Solution

      "Flagstone provides a platform that allows users to compare and access hundreds of cash deposit accounts from 44 banks, including high street names such as HSBC and Nationwide as well as a host of challenger banks."

      Covered on