The Series A round was led by Force Over Mass and included debt financing from Atalaya Capital Management.
"Koyo launched at the start of the global pandemic and has proven that innovative use of open banking data results in better risk decisioning and ultimately has enabled us to grow the business during one of the toughest economic times the UK has faced. I’m proud to have continued to give many people in the UK access to competitively priced credit, during a time where most traditional lenders were quick to scale back their lending."
The Edinburgh-based enterprise blockchain provider secured the capital to scale its infrastructure platform.
"Force Over Mass’ focus on B2B software and Signature Ventures’ vision of a decentralized future are complementary and mesh perfectly with our own mission to accelerate the adoption of blockchain technology by enterprises across the board."
The funding round was led by Bridford Investments and featured a crowdfunding campaign on Crowdcube.
"The sheer popularity of the crowdfund shows that Penfold is a solution to a real problem for lots of people. Saving for your future should be as easy as online banking, but the legacy pension companies are making it hard for consumers to have visibility or control of their pension pots. We’re cutting out the complexity in pensions – and people are showing their support by investing in us."
Force Over Mass led the seed round for the privacy-first advertising platform.
"Our vision for Glimpse Protocol is to set new standards for privacy in advertising, becoming the kitemark that consumers can trust. This investment enables us to roll out our technology that delivers valuable, effective advertising while respecting consumer privacy. With consumers, regulators and tech giants taking action on data privacy, the digital advertising industry is seeking a solution that can weather technical changes and increasingly stringent privacy requirements. Unlike our competitors, who offer partial stopgaps, Glimpse Protocol provides a uniquely clear vision of how the problem can and must be tackled."
