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BANKING

Fidor Bank ropes in Seedrs and Nutmeg

Fidor Bank ropes in Seedrs and Nutmeg

Seedrs is an equity investment platform while Nutmeg builds and manages intelligent portfolios, ISAs and pensions

IFM Correspondent

July 12, 2017 : Seedrs announces that it will be the sole equity finance provider in a new partnership with Fidor Bank, the first challenger bank to launch in the UK back in 2015. The Digital marketplace offered by Fidor signposts banking customers to innovative sources of alternative investment including equity crowdfunding on Seedrs in an ambitious bid to provide every financial service a customer could possibly want.

This partnership will offer Fidor’s UK commercial customers a whole suite of investment opportunities through the digital marketplace, including access to alternative investment opportunities via a number of the most respected fintech companies in the UK.

Seedrs, the most active equity investment platform into UK private companies, has been selected by Fidor Bank as the only equity based finance provider due to a history of funding some of the most exciting and ambitious growth focused businesses. Seedrs has already funded over 500 investment rounds for fast-growth SMEs, with more than £220 million invested into campaigns on the platform to date.

Among the companies Seedrs has given investors access to include FreeAgent, which underwent an IPO on AIM in December last year; Tossed, the healthy eating company; Chapel Down, the English wine company quoted on the NEX Exchange; WeSwap a peep to peer currency exchange platform and Landbay, a marketplace lender focused on prime residential mortgages.

Nutmeg, the online wealth manager will also be joining Seedrs on Fidor’s marketplace, and more leading fintech partners will be announced in the coming months as the scheme rolls out and is expected to include a number of debt based peer-to-peer platforms.

Nutmeg builds and manages intelligent portfolios, ISAs and pensions, with no hidden charges at a low fee. Nutmeg regularly reviews the investments in a customer’s fully managed portfolio to make sure that their money is still invested in the places that best fit their personal investment goals and risk profile. Nutmeg invests in exchange-traded funds, which are designed to track the movement of various market indices.

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 build 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, said: “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.”

Martin Stead, CEO of Nutmeg commented: “The way people save, invest and manage their money is changing. This is definitely an exciting time for the fintech industry and we are thrilled to be part of a movement that is very much shaping the future of money management. We are passionate about making wealth management available to everyone and initiative’s like this Fidor’s fintech marketplace, make great strides towards this goal.”


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