Cash deposit platform Flagstone has received £108 million equity investment. The deal sees Estancia Capital Partners, a US financial services specialist private equity firm, take a minority stake in the business.
Co-founded by Andrew Thatcher and Simon Merchant, Flagstone launched in 2015 to create a service-driven FinTech platform ‘that helps UK savers make their money work harder’.
Individual savers, small and medium-sized enterprises and charities using Flagstone – either directly or through multiple fintech platforms, financial advisers or brand partnerships – now have the opportunity to access over 200 savings account offerings available from 60 of the UK’s leading cash savings providers, from the largest incumbent banks to the challengers.
