Flagstone, a London, UK-based FinTech company, raised $15m (£12m) in venture capital funding.
The round was led by Omers Ventures with participation from existing investors Kindred Capital and Moneysupermarket Group plc.
This new financing will support the acceleration of plans to extend penetration of the UK market to new customer segments.
Founded in 2013 by Simon Merchant and Andrew Thatcher, Flagstone is the developer of a cash deposit marketplace which provides individuals, wealth managers, businesses and charities with access to 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. The company provides its cash deposit platform to clients of Revolut in the UK and is already the exclusive cash deposit platform for clients of Charities Aid Foundation, St. James’s Place, Quilter Cheviot, Tilney Group and many other wealth management firms.
Flagstone is an FCA authorized and regulated fintech company.