Lanistar, a London, UK-based banking alternative set to improve how customers streamline their money, raised £15m in funding.
Family members of CEO, Gurhan Kiziloz, led the round in exchange for a 10% stake in the company. The deal valued Lanistar at £150M ahead of its winter 2020 launch.
The company intends to use the funds to grow its operational and customer support teams, and scale it towards its product launch.
Founded in 2019 by Gurhan Kiziloz, Lanistar will use polymorphic technology to provide a customer-centric alternative to the personal finance offerings provided by the incumbents in the sector. The company employs 45 full time staff, and has plans to grow a 150-person support team in Greece too. Lanistar also recently announced partnerships with organisations such as Mastercard and Jumio.