UK fintech funding round-up: Omnio, Landytech & Sikoia
This week’s handy Friday funding round-up includes three UK-based fintech start-ups – Omnio, Landytech and Sikoia.
UK-based Banking-as-a-Service (BaaS) fintech Omnio has secured €9 million in fresh funding, with the round being open to select investors for a target of €12 million.
Omnio is to raise €12m
The funding news comes in advance of a planned merger with Nordiska and Swiss Bankers, as well as an IPO listing this year.
Omnio provides its BaaS model to other financial institutions and non-regulated enterprises, supporting operations, regulatory reporting and compliance. It claims to serve 135 financial institutions and more than 1.5 million members of its credit unions, consumer brands and banking customers.
Jörgen Durban, Omnio’s chairman, says the funding will help in the execution of said merger and listing.
UK-based fintech Landytech has bagged $12 million in Series B funding from Aquiline Technology Growth and additional investment from existing investor Adelie Capital.
The funding will be used to accelerate Landytech’s growth, international expansion and product development.
Landytech is the parent company of investment reporting platform Sesame, that provides single and multi-family offices, trustees and asset managers with consolidated data, portfolio analytics and automated investment reporting to support reporting processes and inform investment decision-making.
The firm last raised $6 million in a Series A funding round held in March 2021.
London, UK-based fintech Sikoia has raised $6 million in seed funding led by MassMutual Ventures, with participation from Coalition Capital, existing investors Earlybird and Seedcamp, and angel investors.
Sikoia raises funds
The fresh fundraise brings its total capital raised to more than $8.3 million, including a pre-seed round from last year.
Founded in 2021, Sikoia provides a Unified Data Platform (UDP) that centralises client financial and identity data to simplify onboarding and verification, monitoring and risk evaluation.
Sikoia CEO Alexis Rog says: “This capital will help Sikoia accelerate our international expansion, deliver further data coverage and workflow automation, and develop unique technology to help our clients deliver exceptional client experiences.”
