tell.money, the fintech platform that delivers innovative and rapidly deployable Open Banking solutions for banks and other account providers, has closed its growth funding round of £2m. Enabling further expansion and commercialisation of the platform, the investment round was led by serial fintech investor Craig Dewar.
tell.money has quickly become established as a leading option for banks and fintechs looking to integrate PSD2 compliance and open banking API functionality into their systems.
The investment is positioned to accelerate the development of tell.money and extend its contracted client base.
Former Co-founder and CEO of Tuxedo, and now Co-founder and CEO of tell.money , David Monty commented, “Successfully closing our investment round is a key step in our expansion. Since our launch just two years ago we have made great progress in establishing the tell.money brand as an attractive offering for both established banks and fintech-based account providers. The technology that we have built is market leading, and the liquidity that we now have available to us gives us the opportunity to move forward with the next stage of our growth plans at an even greater pace, as we build out our team and look towards expanding into the EU regions and beyond.”
Leading the funding round Craig Dewar added his support, “We see tell.money as an incredibly strong investment opportunity. The business is already growing rapidly, receives excellent endorsements from its early-stage clients, and looks set to grow into a major player in its field.”
tell.money serves Account Providers, Third Party Providers, and Account Holders through a dedicated and fully-compliant cloud -based API Gateway which is fast, scalable, resilient and instantly actionable. To support the regulatory and compliance components, the platform additionally has built in testing, monitoring and dynamic reporting capabilities that significantly reduce client regulatory reporting overheads.