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Tuesday, November 20, 2018

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News > Fintech

MoneeMint secures backing from private investment firm

Theo Osborn | 12:00 Thursday 1st November 2018

MoneeMint has secured strategic funding from private investment firm Ground One Ventures to pursue its plans to create an ethical digital bank in the UK and Europe.

The business aims to provide a fresh banking experience for its customers with a state-of-the-art digital banking platform.

The investment will be used to fast-track the technology delivery roadmap, while accelerating the go-to-market execution.

MoneeMint has formed a new board of directors and plans to launch the service in Q1 2019.

It has also appointed two senior industry professionals – Raheel Iqbal and Alpesh Doshi – to its board to help it achieve its goals.

Hassan Waqar, co-founder of MoneeMint (pictured above), said: “We are going back to [the] drawing board, looking at each and every aspect of customer current banking journey, the hardship they face and changing it fundamentally from [the ground up] – giving our customers the freshest banking experience.”

Gerry McGowan, chief executive at Ground One Ventures, added: “We are very excited to partner with MoneeMint and to drive this initiative through our technology investment and executive advisory support.

“At Ground One, we are partnering up with start-ups across Europe, GCC and ASEAN regions and helping passionate entrepreneurs build disruptive businesses.”

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