The funding round was provided entirely by existing investors Augmentum Fintech and AshGrove Capital to support the acquisition of the Creative auto-enrolment scheme and scale operational capability.
"Our mission is to offer UK savers a convenient, climate-friendly, and great value way to save, through a combination of cutting-edge technology and socially responsible investments. Right now, workplace pensions are simply too complicated, boring, and disconnected from things people care deeply about. Cushon is here to change that, and today’s announcement is a hugely significant milestone for us. The funding will continue to fuel Cushon’s growth, enable us to scale even faster, and accelerate some exciting new features within our app."
The digital bank has raised £220m in a round led by Softbank Vision Fund 2 to back its ongoing expansion.
"We believe Zopa’s fast-growing market penetration reflects high customer demand for adaptable financial services within a usable platform that can be customized to their specific needs. Zopa is fast emerging as a leading player in the UK’s nascent neo banking sector and we are proud to partner with Jaidev and the team on this journey."
EQT Ventures led the financing round alongside participation from Augmentum Fintech and Fuel Ventures.
"Instant payments are set to dominate the global payments landscape and will become the new normal. It’s an exciting time to be in payments, and we are delighted to have secured such a significant funding round, and the backing of an influential group of investors. We look forward to working with our new partners at EQT Ventures as we build out our global vision."
Augmentum Fintech led the £6m equity raise alongside a £20m credit facility from AshGrove Capital to fund expansion and acquisitions.
"Following our entry into the pensions market last year, and launch of the world's first net zero pension, we've been keen to bring our unique technology-led proposition to as many employees as we can, as quickly as we can. This raise has the right balance of lending and equity to enable us to do just that. We are delighted to welcome the team at WPT to our expanding family and to have the support of such experienced investors to help us continue on our journey."
The Series C round was led by Augmentum Fintech, SBI Group and mojo.capital to support continued company growth.
"At Habito, we’re on a mission to make mortgages easier for anyone who wants to own a home in the UK. For too long, the odds have been stacked against customers who still have to put up with poor service, uncompetitive products and punishing loyalty penalties. The tide is turning on traditional home financing and we’re here to usher in a new future of home financing that combines the very best of human expertise with the efficacy of technology and reduces cost, stress, time and friction for all."
