FinTech Hope Macy has obtained £1.5mn in seed investment from the Development Bank of Wales, and a supportive angel network.
In brief:
- The investment will extend the development and roll-out of its regulated Open Banking and AI platform across the UK to counter financial vulnerability.
- Hope Macy, based in Newport, has created an integrated technology platform consisting of three core products: DataFlex, Affordwise, and Family Connect.
- The platform is already in production across several lenders and debt management firms in the UK.
What does this mean?
Sam Manning, Hope Macy's chief executive, said: "We understand the financially vulnerable like no one else. We have engaged with regulators, lenders, and borrowers to create a platform that meets the needs of this under-served ecosystem. Using our technology, we are proud of what we have delivered and how consumers are benefiting from it."
