Tech

Tell Money Secures £ 2m Seed Investment Led by Craig Dewar – UK Technology Investment News

say money, the fintech platform offering innovative and rapidly deployable Open Banking solutions for banks and other account providers, has closed its £ 2 million growth funding round. Allowing for further expansion and commercialization of the platform, the investment round was led by serial fintech investor Craig Dewar.

tell.money has quickly established itself as a leading option for banks and fintechs looking to integrate PSD2 compliance and open banking API functionality into their systems.

The investment is positioned to accelerate the development of tell.money and extend its contract customer base.

Former co-founder and CEO of Tuxedo, now co-founder and CEO of tell.money, David Monty commented, “Successfully closing our investment round is a critical step in our expansion. Since our launch just two years ago, we’ve made great progress in creating the tell.Money brand as an attractive offering for both established banks and fintech-based account providers. The technology we have built is market leading and the liquidity we now have at our disposal gives us the opportunity to move forward with the next stage of our growth plans at an even greater pace as we build our team and look towards expanding. in the regions of the EU and beyond “.

Leading the funding round, Craig Dewar added his support: “Let’s see tell.money as an incredibly strong investment opportunity. The business is already growing rapidly, receiving excellent feedback from its early stage customers and looks set to become a major player in its field. “

tell.money serves account providers, third party vendors and account holders through a dedicated and fully compliant cloud-based API gateway that is fast, scalable, resilient and out of the box. To support regulatory and compliance components, the platform also has built-in test, monitoring and dynamic reporting capabilities that significantly reduce the customer’s regulatory reporting overhead.

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Tell Money Secures £ 2m Seed Investment Led by Craig Dewar – UK Technology Investment News

Source link Tell Money Secures £ 2m Seed Investment Led by Craig Dewar – UK Technology Investment News

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