Koto Card secures £1.3m in seed follow-on funding to launch UK operations
The company has closed a seed follow-on investment round to support its official launch in the United Kingdom.
Koto Card operates as a digital credit provider built on e-money to offer fixed-fee financial products for near-prime consumers. The firm combines alternative data with traditional scoring methods to assess creditworthiness.
Koto Card has secured £1.3m in a seed follow-on investment round to support its official launch in the United Kingdom. The company provides regulated financial services tailored to near-prime consumers who are often underserved by high street institutions. The fresh capital will be directed towards user acquisition, risk modelling improvements, and team expansion as the business establishes its British operations.
From the founder
"Despite being the founder of a successful business in Ukraine, when I first moved to London I was unable to access credit from high street banks. This is because I was considered “thin file” – I didn’t have a UK credit history the banks could base a decision on."
Misha Rogalsky
Executive Chairman at Koto Card
Use of funds
- 01Grow the team
- 02Fund research and development
- 03Expand into international markets
- 04Invest in sales and marketing
- 05Scale operations