"Significant" team expansion for London fintech platform with £2m funding

A London fintech company has announced that it has raised £2m in seed funding as it aims to build its teams.

Integrated Finance, a fintech infrastructure platform, has raised the £2m through a funding round led by Octopus Ventures, with participation from 500 Start-Ups, SuperSeed Ventures, and angel investors Chris Adelsbach, Srin Madipalli, and Jon Edirmanasinghe.

The company has said that it will use the investment to “significantly” increase its product and engineering teams, as well as its commercial team.

Alistair Cotton, CEO & co-founder of Integrated Finance, commented: “As software rapidly changes how financial services are delivered, businesses are now confronted with an ever-expanding digital financial supply chain they can use to adapt to changing customer requirements.

“The Integrated Finance platform allows fintechs to speed up innovation, by simplifying connections to all of their banks and suppliers to a single API.

“Integrated Finance has grown rapidly since our last funding round 12 months ago. Our customer base has increased five-fold, and our platform allows our customers to create and launch new products three times faster, keeping them ahead of their competitors.”