mmob, an embedded finance startup and part of FinTech Alliance, has raised £5mn in seed funding.
In Brief:
The investment has come from a group of angel investors.
mmob was founded in 2020 and uses APIs to help banks and FinTechs deploy digital solutions.
It already has partnerships with PensionBee, iwoca, Cuckoo, Superscript, So-Sure, Anorak and Uinsure.
What does this mean?
The new funding will be used to continue developing mmob’s technology and help the business expand into new markets such as Malaysia.
