The investment from a syndicate of angels will help accelerate product expansion and reach.
"this investment allows us to accelerate our plans and to expand the reach of our existing offerings. Our clients are also very happy as we continue to remain independent and un-conflicted with other market participants, meaning that we can continue to implement solutions that work perfectly for all parties."
BGF Ventures has led a £4m Series A round into biometric authentication platform AimBrain.
"We know that financial institutions have a big problem with fraud prevention – and customers are not getting the best experience. That’s why we built a platform that uses behavioural, facial and voice data to identify customers accurately, quickly and securely."
The digital bank secured backing from over 6,500 crowd investors alongside venture capital firms.
"Working again with a company like Crowdcube is a great collaboration with a real fintech pioneer. I’m delighted that over 6,500 people have invested in this round."