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Fidor partners with Seedrs

Martin Greenland | 07:20 Friday 21st July 2017

Challenger bank Fidor has announced its partnership with equity-based crowdfunding provider Seedrs.

The partnership will offer Fidor's UK commercial customers access to a whole suite of investment opportunities using the bank's fintech marketplace FinanceBay .

Fidor Bank has selected Seedrs as the only equity-based crowdfunding provider.

Nutmeg – the online wealth manager – has joined Seedrs as a partner on FinanceBay.

Nutmeg builds and manages portfolios, Isas and pensions with no hidden charges.

Katharina Rausch, head of FinanceBay, said: “We are pleased to welcome Seedrs and Nutmeg into our fintech marketplace as our investment providers.

“Fidor has long welcomed affluent and financially curious customers to our digital bank and based on their investment appetites we have built an exciting suite of investment products made accessible to customers via a handful of carefully curated fintech partners.

“Our fintech marketplace will be instrumental in offering exciting investment opportunities to many of Fidor's UK-based customers.”

Jeff Lynn, CEO and co-founder of Seedrs, added: “Our new partnership with Fidor Bank provides us [with] a great opportunity to give a tech-savvy investor base access to some of the most exciting early-stage investment opportunities in Europe.

“We are huge admirers of Fidor and all that [it] has achieved as one of the original challenger banks, and we look forward to welcoming many of its customers as Seedrs investors.”

Seedrs has funded over 500 investment rounds for fast-growth SMEs.

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