A new digital bank for businesses is set to launch in the UK.
In Brief:
Bond will be a digital bank for businesses headquartered in London.
It aims to offer “high yield” business accounts, savings accounts and embedded treasury services.
It says it will “optimise them movement of money throughout your financial stack” and will offer insights and expense management tools.
What does this mean?
Bond plans to launch at the beginning of 2023 and has already agreed to have funds managed by UBS, Blackrock and Goldman Sacks. It will aim to “optimise the movement of money to turn idle cash into revenue”.
