Challenger Fidor Bank has teamed up with crowdfunding platform Seedrs.
Fidor chose Seedrs as the sole equity finance provider in a new partnership. It offers Fidor’s UK commercial customers access to a whole suite of investment opportunities through the FinanceBay digital marketplace. This includes access to alternative investment opportunities via a number of the most respected fintech companies in the UK.
Seedrs said they were chosen by Fidor as the only equity-based crowdfunding provider because of its track record of funding over 500 investment rounds for fast-growth SMEs, with more than £230 million invested into campaigns on the platform to date.
The crowdfunder also announced that Nutmeg, the online wealth manager, had joined it as a partner on FinanceBay. Nutmeg builds and manages intelligent portfolios, ISAs and pensions. Seeds is hopeful of announcing more fintech partners over the coming months as the scheme rolls out, including a number of debt based peer-to-peer platforms.
Katharina Rausch, Head of FinanceBay, Fidor’s fintech marketplace, said: “We are pleased to welcome Seedrs and Nutmeg into our fintech marketplace as our investment providers. Fidor has long welcomed affluent and financially curious customers to our digital bank and based on their investment appetites we have built an exciting suite of investment products made accessible to customers via a handful of carefully curated fintech partners. Our fintech marketplace will be instrumental in offering exciting investment opportunities to many of Fidor’s UK based customers.”
Jeff Lynn, CEO and co-founder of Seedrs, added: “Our new partnership with Fidor Bank provides us a great opportunity to give a tech-savvy investor base access to some of the most exciting early-stage investment opportunities in Europe. We are huge admirers of Fidor and all that has achieved as one of the original challenger banks, and we look forward to welcoming many of their customers as Seedrs investors.”