Lanistar, a London, UK-based new banking alternative fintech company, secured £2m in seed funding.
The round was raised through private financing and family contributions.
The company intends to use the funds to launch, expand operations and the product.
Founded in 2019 by serial entrepreneur Gurhan Kiziloz, Lanistar is a banking alternative that is developing a new debit card product, mainly focused on the 18-35 market, which aims to allow customers to streamline their money through technology. The new product is expected to be officially launched in winter 2020. Based in Hammersmith, the company has over 45 fulltime staff, with a further 150 support staff due to be added soon.