Glory has emerged as the cornerstone investor in OneBanks to help expand everyday banking services across the UK.
"We have many decades of experience helping banks transform their physical branch networks using the latest technologies in response to changing consumer expectations. The mass adoption of mobile and online channels has fundamentally changed the economics of branch banking across the UK and other countries and yet consumers still value, and in many cases need, convenient access to face-to-face banking services. We are delighted to be making this investment in OneBanks as they seek to introduce, in partnership with the major UK banks, their new open banking-enabled approach to providing this service to communities across the UK through shared branches."
— Toshimitsu Yoshinari, Chief Solutions Officer at Glory Global Solutions
The round was led by ETF Partners and will fund expansion in the US, Europe and Africa alongside software development.
"Outside urban centres, the vast majority of people need a car to access work and education. Amongst our shift-worker customers, 30% of candidates don’t turn up to the job interview in the first place because they can’t get there. Zeelo is playing an important role in improving social mobility and decarbonising transportation. In the past 18 months, employers have realised the importance of it too. Now it’s time to bring this to the masses"
Paulson backed the open banking platform in a round that values the company at £47m.
"I’m delighted that Paulson has invested in the Snoop proposition, team and ambition, and that they – like us – view open banking as a major growth opportunity within the financial sector."
