Milaya in £15m round for Lanistar at £150m valuation
Milaya Capital invests in a £15m funding round for alternative banking financial technology company Lanistar.
The company is currently valued at £150m. Milaya invested in it in lieu of a 10% interest.
The proceeds will be used to expand customer support and operational teams ahead of the product's launch in late 2020. It plans to increase its staff headcount to 150.
Previous funding
Lanistar was launched with a £2m funding in March 2020 from an undisclosed investor.
Company
Established in 2019, the London-based company has 45 employees. The financial technology company offers alternative banking products to consumers.
People
Lanistar – Gurhan Kiziloz (founder).
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