Incuto is a banking technology platform, transforming Credit Unions into community-focused challenger banks.
Incuto is a socially profitable technology partner for credit unions and community banks. They provide state-of-the-art technology, supporting credit unions to reduce costs, be digital, offer more and go faster.The incuto platform allows credit unions to offer banking services, including an on-balance-sheet debit card, a bank account, and a sort code. The platform also enables credit unions to compete with high-cost, short-term "payday" lenders, being accessible 24*7 on any device, with loans completed in less than 5 minutes.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Nov 13, 2020 | Series Unknown | £1.75M | 6 | — | — | Detail |
Aug 7, 2020 | Series A | £1.75M | 1 | — | — | Detail |
Jun 4, 2019 | Seed | £100K | 2 | Northstar Ventures | — | Detail |
Aug 22, 2018 | Seed | — | 1 | Fair By Design Fund | — | Detail |
Mar 30, 2018 | Seed | £600K | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Ascension | — | Series Unknown |
European regional development fund (ERDF) | — | Series Unknown |
Fair By Design Fund | — | Series Unknown |
North East Innovation Fund | — | Series Unknown |
NPIF – Mercia Equity Finance | — | Series Unknown |
The Future Fund | — | Series Unknown |
Northstar Ventures | — | Series A |
Wayra | — | Funding Round |