The Bank of London provides banking infrastructure tailored for corporates, payment companies, and embedded finance platforms. Its services include operating accounts, savings accounts, and client money accounts designed for secure, large-scale payment flows.
A key differentiator is its approach to deposit security, holding client funds directly at the Bank of England while avoiding lending or leverage. The platform also offers APIs and developer tools to help businesses integrate banking products quickly and securely.
What Is The Bank of London and What Does It Do?
The Bank of London, founded in 2016, is a London-based digital bank focused on payments, corporate banking, and embedded finance solutions.
The company enables businesses to access UK payment networks, manage safeguarded client funds, and embed regulated banking services into their own platforms. Its technology-first model is designed for scalability, security, and regulatory compliance.
The Bank of London employs between 51-200 people, supporting enterprises and financial institutions across the UK and international markets.
How Much Funding Has The Bank of London Raised?
1. Seed Round
- Amount Raised: $10M
- Date: 2017
- Motivation: To establish the bank’s core infrastructure and regulatory foundation.
2. Series A
- Amount Raised: $23M
- Date: 2019
- Lead Investors: Mangrove Capital Partners
- Motivation: To expand payment services and build enterprise banking capabilities.
3. Series B
- Amount Raised: $40M
- Date: 2020
- Lead Investors: 14W
- Motivation: To scale corporate banking products and strengthen compliance systems.
4. Series C
- Amount Raised: $57M
- Date: 2022
- Lead Investors: HSG
- Motivation: To support platform growth and expand embedded finance offerings.
5. Series D
- Amount Raised: $55M
- Date: September 2024
- Lead Investors: Mangrove Capital Partners
- Motivation: To accelerate growth in payments, embedded banking, and enterprise services.
Total Funding Raised: $185 Million
Current Valuation: $1.1 Billion (as of Feb 2023)
Latest Funding Date: September, 2024
Key Investors
1. Mangrove Capital Partners
- Details: A European venture capital firm backing technology-driven financial services companies.
- Investment Focus Areas: Fintech, SaaS, digital platforms.
- Notable Investments: The Bank of London, Revolut, Skype.
2. 14W
- Details: A growth equity firm investing in technology-enabled businesses globally.
- Investment Focus Areas: Fintech, enterprise software, marketplaces.
- Notable Investments: The Bank of London, Toast, Oyster.
3. HSG (HongShan Capital Group)
- Details: A global investment firm supporting high-growth technology companies.
- Investment Focus Areas: Technology, fintech, enterprise platforms.
- Notable Investments: The Bank of London, Meituan, ByteDance.
Where Is The Bank of London’s Headquarters?
The Bank of London is headquartered in London, United Kingdom, positioning it at the center of the UK’s financial and regulatory ecosystem.
What’s Next for The Bank of London?
The Bank of London is focused on expanding its payments infrastructure, scaling embedded banking solutions, and deepening relationships with enterprise clients. As demand grows for secure, API-driven banking platforms, the company is well-positioned to strengthen its role as a modern alternative to traditional clearing banks.
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