Omers leads $15m round for Flagstone

The round also saw participation from existing investors Kindred Capital and Moneysupermarket Group.

With the fresh capital, the company plans to extend its penetration of the UK market to new customer segments.

Previous funding
In May 2019, Flagstone raised £11m in growth capital from investors including Kindred, Moneysupermarket, VentureFounders and a number of private individual investors.

Company
Flagstone is a financial technology company based in London and founded in 2013. Its online cash deposit platform enables companies, charities and individuals to earn more interest and reduce risk through diversification. It employs 77 people, according to LinkedIn.

People
Omers Ventures – Harry Briggs (managing partner).
Flagstone – Simon Merchant (co-founder, co-managing partner).

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• Topics
• UK / Ireland
• Technology
• Expansion
• United Kingdom
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• OMERS