3 years ago

Fintech Pillar Secures £13 Million to Bridge the Credit Gap for Immigrants

  • London-based fintech startup Pillar has raised £13 million in a pre-seed funding round led by Global Founders Capital and Backed VC

  • The company aims to solve the problem faced by immigrants who struggle to access credit in new countries despite having a good financial history

  • Pillar uses open banking data to assess creditworthiness and provide access to credit products

  • The funding will be used to expand the platform's reach and develop new features.

      • ProblemFinancial Services

      "Immigrants moving to a new country often struggle to access credit services like loans and credit cards due to the difficulty of transferring their credit history."

      Solution

      "Pillar provides immigrants with access to credit products using open banking data and analytics, allowing them to build a credit history in their new country."

      Covered on