Flagstone, which offers access to hundreds of savings accounts across dozens of banks, is talking to advisers about a substantial fundraising, Sky News learns.
One of Britain's fastest-growing cash deposit platforms is in talks with investors about a sizeable new funding round.
Sky News has learnt that Flagstone, which offers access to hundreds of accounts across dozens of major banks, has been interviewing bankers about advising on a planned Series B capital-raise. City sources said on Wednesday that the new funding as expected to be secured at a premium valuation at a time when many fintech businesses are facing significant financial pressure.
Flagstone was founded in 2013 by Simon Merchant, a former Morgan Stanley executive, and Andrew Thatcher, who worked at Citigroup and Merrill Lynch.Last year, it appointed Leda Glyptis, a former bank executive, and Meri Williams, a technology veteran, to its board.More from Business
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