back Back

The Bank of London raises $40m, bringing total valuation to $1.1b

By Gloria Methri

February 08, 2023

  • 14W Venture Capital
  • Bank of London
  • FinTechs
Share

The Bank of London, Bacs, UK, account-to-account payments, banksThe Bank of London announced that it has raised $40 million in an extension to Series C investment, bringing the company’s total raise to $160 million. This fresh funding follows The Bank of London’s $90 million Series C round, which was completed in the fourth quarter of 2021, demonstrating its investor interest and growth trajectory.

Anthony Watson, Group Chief Executive & Founder of The Bank of London said, “The expansion of our Series C at a continued valuation of $1.1 billion is a testament to the trust we are building at The Bank of London. Our investors believe in our vision to reshape banking for the betterment of all, powered by our unique patented technologies and our differentiated banking models.”

“The Bank of London is finally bringing true end-to-end SaaS to the financial services sector, powering other banks, FinTechs, and non-financial services firms to build and launch financial products with a single, secure, and modern SaaS platform, in full end-to-end regulatory compliance, powered by our universal bank license,” said Mark Tluszcz, Managing Partner of Mangrove Capital Partners.

“London is the world’s undisputed FinTech capital – commanding more FinTech investment than any other city on the planet – and The Bank of London, with its game-changing patented technologies, is by far most transformative FinTech in the city,” said Alex Zubillaga, Managing Partner of 14W Venture Capital.

He added, “The FinTech industry has simply not kept pace with consumer trends and the need for tech innovation, particularly in the B2B and wholesale space, creating significant demand for a developer-friendly wholesale clearing and transaction bank built on modern APIs, intuitive software and patented innovations”.

Previous Article

February 08, 2023

Afterpay partners with Cloudera to reduce data fraud risk

Read More
Next Article

February 08, 2023

Sionic announces suite of trust-based services for bank-to-bank, verified rapid payments

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

14W Venture Capital

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024

AsiaVerify & Visa to bolster digital payments and banking in APAC

Read More

March 01, 2024

Saikyo Bank & nCino to boost operational efficiency and customer experience

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023