The funding round was led by Forward Partners with participation from Seedcamp and prominent angel investors.
"When I moved to the UK from the USA my credit history did not come with me. This made getting a credit card or loan difficult, if not impossible. I realised this is a problem that affected millions of people who are new to the country, but also people who have not built a credit history in the UK more generally. Koyo was built to give people who have historically been taken advantage of, an opportunity to access credit at a competitive rate and build credit history. The opportunity is further evidenced by a seasoned management team which includes Kevin Allen (former CRO of RateSetter) and Guy Evans (former CTO of LendInvest)."
Atomico led the Series A investment to support geographic expansion and team growth.
"Despite being critical infrastructure for our society, childcare has been overlooked for far too long. We’ve already seen how profoundly our services can improve the well-being of families, as well as older adults and children who have a chance to connect with another generation while working. We’re excited for Atomico to help us scale our vision of building a completely new way of doing childcare so even more families can benefit."
The London fintech startup secured backing from Forward Partners, Frontline Ventures, and JamJar Investments to support its growth.
"Combining accounting and banking into one single product simplifies running your business. It saves time and takes away the pain and hassle of tax and compliance."
