inform.cash, the fintech platform that delivers modern and quickly deployable Open Banking options for banks and different account suppliers, has closed its progress funding spherical of £2m. Enabling additional enlargement and commercialisation of the platform, the funding spherical was led by serial fintech investor Craig Dewar.
inform.cash has rapidly turn into established as a number one choice for banks and fintechs trying to combine PSD2 compliance and open banking API performance into their programs.
The funding is positioned to speed up the event of inform.cash and prolong its contracted shopper base.
Former Co-founder and CEO of Tuxedo, and now Co-founder and CEO of inform.cash , David Monty commented, “Efficiently closing our funding spherical is a key step in our enlargement. Since our launch simply two years in the past we’ve got made nice progress in establishing the inform.cash model as a horny providing for each established banks and fintech-based account suppliers. The know-how that we’ve got constructed is market main, and the liquidity that we now have accessible to us offers us the chance to maneuver ahead with the subsequent stage of our progress plans at an excellent better tempo, as we construct out our workforce and look in the direction of increasing into the EU areas and past.”
Main the funding spherical Craig Dewar added his assist, “We see inform.cash as an extremely sturdy funding alternative. The enterprise is already rising quickly, receives wonderful endorsements from its early-stage purchasers, and appears set to develop into a significant participant in its area.”
inform.cash serves Account Suppliers, Third Celebration Suppliers, and Account Holders via a devoted and fully-compliant cloud -based API Gateway which is quick, scalable, resilient and immediately actionable. To assist the regulatory and compliance elements, the platform moreover has in-built testing, monitoring and dynamic reporting capabilities that considerably scale back shopper regulatory reporting overheads.