Fronted, the FinTech which aims to help people rent more easily by lending them a deposit, has added £1mn funding.
Investors include Monzo’s former co-CEO Paul Rippon and former CFO Gary Dolman, who have invested as Angels.
In addition, Baroness Kingsmill, who was chair of Monzo, has participated.
Fronted, which launched in February, had already raised over £1mn to date.
What does this mean?
According to Co-Founder Jamie Campbell, the fresh funds will be used to focus on partnering with platforms that can offer Fronted as a deposit payment option, creating “greater access to Fronted”.