London-based fintech infrastructure platform, Integrated Finance, helps businesses build, expand and manage the financial infrastructure. Today, the company just secured £2 million in a seed funding round.
Growth plans ahead
The investment round was led by Octopus Ventures, one of Europe’s most active early-stage VCs alongside participation from 500 Start-Ups, SuperSeed Ventures, and prominent Angels Chris Adelsbach, Srin Madipalli, and Jon Edirmanasinghe.
Integrated Finance will use the funds to significantly increase the company’s product and engineering teams to further develop its platform. Also, it will build its commercial team to support the growth of new and existing customers.
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.”
Zihao Xu, Principal at Octopus Ventures, commented: “Companies work best when they focus on what makes them special, and those that leverage Integrated Finance will have a huge advantage when it comes to focusing on their core innovations. We’re hugely excited to back Integrated Finance on this journey. They’ve already proven they can help customers dramatically bring forward new product launches and we can’t wait to see them bring this to the wider ecosystem and help accelerate the world towards a future of rich and delightful financial experiences for everyone.”
Partnership with Currency Cloud
Founded by four friends – Alistair Cotton, Canay Ozel, Daniel Cronin, and Koray Argun, Integrated Finance was created to minimise the time spent by fintechs on connecting to their partners. The infrastructure platform helps scaleups build a new solution in a month. This drastic reduction in build time lets established organisations test and prove existing models in new jurisdictions or geographies within months. It helps fintechs recognise and analyse opportunities for growth. Also, it lets companies collect smarter data, and discover the customers they’re not winning or retaining.
Recently, the company announced a partnership with Currency Cloud, which enables companies to fast-track their integration.
Richard Stockley, Director of Partnerships at Currencycloud said: “Partnering with Integrated Finance has strengthened our ecosystem and expanded the offering for our customers. We are excited to be part of Integrated Finance’s platform providing customers easy integration to financial infrastructure and accelerating time to value. We at Currencycloud are thrilled to be part of this milestone for Integrated Finance and look forward to a bright future together.“