13 December 2023

Welsh FinTech obtains £1.5mn seed investment

Written By FinTech Alliance

Welsh FinTech obtains £1.5mn seed investment

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."

Read more here.

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