Flagstone raises £11m Series A investment from Kindred Capital and others – UK Tech Investment News
Summary
The business provides individuals, their wealth managers, SME corporates and charities with access to more than 550 deposit accounts, many with market leading or exclusive interest rates, from 30 banks including high street names such as HSBC and Santander as well as a host of challenger banks, enabling clients to increase their interest income and manage their risk through diversification and greater use of FSCS protection. Flagstone is already the exclusive cash deposit platform for clients of St. James’s Place, Quilter Cheviot, Tilney Group and many other leading wealth management firms. Our brands ‐ MoneySuperMarket, MoneySavingExpert, TravelSupermarket and Decision Technologies ‐ together have 13 million active users for whom we provide proactive and personalised services to help them manage, save and grow their money. In 2018, we helped millions of families save an estimated £2.1bn on their household bills including insurance, energy, credit cards and loans, travel and TV and broadband. Its experienced senior executive and investment team has been responsible for backing 34 high growth technology companies including Park box, Zopa, Hopster, DueDil, Farewill, BioSure, RotaGeek, Brightpearl and Hypaship.