SaaScada, a London, England-based cloud-native core banking platform provider, announced that it raised £2.5 million in seed funding from over ten investors – including leading figures from the banking and private investment sectors.
SaaScada will use this new round of funding to build on the momentum it has already created, accelerate growth and expand the company’s footprint in the banking sector.
Company: Saescada Ltd
Round: Seed Round
Funding Month: May 2022
Lead Investors: Undisclosed
Additional Investors: Undisclosed
Company Website: https://www.saascada.com/
Software Category: Core Banking Platform
About the Company: Co-founded by leading industry innovators Nelson Wootton and Steve Round, SaaScada is a B2B Banking SaaS platform that enables financial institutions to rapidly build and launch retail banking services. SaaScada offers a highly agile core-banking engine that enables financial institutions to create and launch innovative banking services at speed and scale. SaaScada is lowering the barrier to entry for a wider range of financial institutions, enabling them to offer banking products at a lower cost and with less complexity. SaaScada helps organizations to rapidly build and launch financial services using their cloud-based core banking platform, enabling any type of organization to launch banking services. Leading fintech challenger bank, Allica, uses SaaScada as part of its business payment account which has unique features that support its strategy in addressing the needs of the SME market.