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Flagstone fintech obtains EUR 13.5 mln funding

Monday 4 May 2020 14:39 CET | News

UK-based fintech Flagstone has secured EUR 13.5 million funding from OMERS Ventures, Kindred Capital, and Moneysupermarket Group.

The company will use the investment to support extension plans into the UK market so that it can meet new customer segments. Flagstone provides individuals, businesses, wealth managers, and charities with access to cash deposit accounts from a portfolio of 44 banks including HSBC, Nationwide, and challenger banks.

The cash deposit marketplace of Flagstone enables clients to increase their interest income and manage their risk through diversification and FSCS protection. Also, Flagstone provides its cash deposit platform to clients of Revolut in the UK. 

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Keywords: Flagstone, OMERS Ventures, Kindred Capital, Moneysupermarket Group, HSBC, Nationwide, challenger banks, FSCS protection, cash deposit accounts, portfolio, cash deposit platform, Revolut, UK, United Kingdom
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United Kingdom
This article is part of category

Banking & Fintech