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Monday 14 January 2019

*UKHotViewsExtra* RBS buys into success at Loot

lootUp and coming UK fintech Loot has capped a successful 2018 by attracting additional investment funding from RBS of £3m. RBS has provided the latest investment on behalf of its own digital banking start up Bo (scheduled for launch 2019). RBS has taken a 25% stake in Loot and to date its total stake in Loot stands at £5m. 

Loot has so far attracted funding from another strategic partner, Canadian based Power Corporation, via their VC arm Portag3, whilst other investors are SpeedInvest and Global Founders Capital.

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Last week we spoke with Ollie Purdue, the founder and CEO of Loot and his fellow board member and core funding partner, Nick Kingsbury, to hear about its market approach and to discover the secret of success to date.

TechMarketView clients, including UKHotViews Premium subscribers, can learn more about developments at Loot and its future plans, in our HotViewsExtra article published today: Loot: The FinTech only your kids have heard of?

Posted by Jon C Davies at '09:40' - Tagged: banking