UK fintech Kord has secured £6.4 million in Series A funding, led by Guinness Ventures, following a year in which its revenue grew almost seven times.
Founder James Owusu spent eight years onboarding banking clients before building a £2.5 million property portfolio. During this time, he saw firsthand how inefficient these processes could be for clients.
Kord now has over 100 paying customers and says no other company currently offers both identity verification and client money management on a single platform.
James Owusu spent eight years onboarding banking clients for mortgages and private wealth accounts while building a £2.5 million property portfolio. He noticed that people handling onboarding often do not realise how stressful the process is for clients.
“It’s not great being the person doing the onboarding, but equally not great being the person going through the onboarding,” Owusu tells Tech Funding News.
