Fintech startup Lanistar raises £15 million
Lanistar, a personal financial management startup founded in 2019, has raised £15 million to support its forthcoming commercial launch in Winter 2020.
The investment, from family members of founder Gurhan Kiziloz, gives the VC a 10% stake in the company at a valuation of £150 million.
Lanistar plans to use the fresh capital to grow its operational and customer support teams, and scale towards its product launch. The Hammersmith-based company employs 45 full time staff, and has plans to grow a 150-person support team in Greece. It has also recently announced partnerships with organisations such as Mastercard and Jumio.
Having already secured £2 million in seed money, Lanistar is creating a new debit card that links to up to eight bank cards to help customers better manage their finances via new technology and open banking.
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