Flagstone, a London, UK-based provider of a cash deposit platform, raised £11m in growth funding.
Backers included Kindred Capital, VentureFounders, Moneysupermarket Group, and some individual investors.
The company intends to use the funds to expand operations and its business reach.
Founded in 2013, Flagstone provides an online cash deposit platform which gives clients (individuals, their wealth managers, SMEs and charities) access to over 550 deposit accounts from 30 banks through a single application.
The minimum deposit required to open an account is £250k.
Clients include St. James’s Place, Quilter Cheviot, Tilney Group and other wealth management firms.
The firm is authorized and regulated by the Financial Conduct Authority (Reference Numbers 676754 and 605504)