Lanistar, a brand new challenger financial institution, has formally launched its platform after buying £2 million in seed funding.
Based mostly in Hammersmith, Lanistar reportedly has 45 full-time staff on its payroll. The digital financial institution plans so as to add 150 extra workers members.
The neobank has been based by serial entrepreneur Gurhan Kiziloz, who famous that he’s planning to develop Lanister right into a £1 billion Fintech agency and problem conventional banking service suppliers.
Lanister’s seed funding was acquired through personal financing and contributions from household places of work. The challenger financial institution goals to supply a brand new debit card product that may assist its purchasers streamline their cash administration and day-to-day enterprise actions.
Lanistar’s new product is scheduled to launch towards the top of this yr. It would leverage open banking and polymorphic know-how.
Lanister’s administration famous that the financial institution goals to serve the millennial and Era-Z, 18-35 age group. It goals to work with shoppers who’re enthusiastic about aspirational and life-style manufacturers to enhance the standard of their day by day lives.
Lanistar confirms that it’s going to adjust to the European Union’s Common Information Safety Regulation (GDPR). The agency says that it has taken the suitable measures to make sure that its platform is safe.
Gurhan Kiziloz, CEO at Lanistar, said:
“Shoppers are crying out for a hassle-free banking various that may make their lives simpler and provides them firstclass customer support. For too lengthy the established banking suppliers have handled their clients like numbers in a spreadsheet, letting them down once they want it most and ignoring their issues.”
“We’re investing closely in a product that may rework the market, giving shoppers a personalised, thrilling expertise which can match simply into their day by day lives.’