Lloyds Banking Group is a financial services provider offering retail and commercial banking, general insurance, and long-term savings.
Portfolio
9
companies
Aveni
Aveni provides real time conversation analytics and automation tools for regulated industries.
Caura
Caura provides a unified mobile application that consolidates vehicle administration and payments for UK drivers.
Coadjute
Coadjute connects property market participants through a secure data network.
Fennech Financial
Fennech Financial provides an automated corporate banking and treasury platform for businesses.
Fnality International
Fnality International develops blockchain payments technology for wholesale financial markets.
Form3
Form3 provides cloud-based payment processing infrastructure for financial institutions.
Moneyhub
Moneyhub provides data, intelligence and payments technology for financial services.
Moneyhub Financial Technology
Moneyhub develops open finance and open data software for corporate clients.
Thought Machine
Thought Machine develops cloud native core banking technology for financial institutions.
John Chambers
Group Chief Information Officer
Kirsty Rutter
Director of Fintech Investment
Kirsty brings corporate venture and fintech investment experience from her role at Lloyds Banking Group. She also holds non-executive director positions at Coadjute and Moneyhub.
LinkedIn
Esther Dijkstra
Managing Director of Intermediaries
Esther brings banking and financial services experience, currently serving as Managing Director of Intermediaries at Lloyds Banking Group. Her background includes various strategic and leadership roles across Lloyds and Legal & General.
LinkedIn
Robin Scher
Head of Fintech Investments
Robin brings extensive experience in fintech investment and portfolio management within banking. He currently leads fintech investments at Lloyds Banking Group, following various strategic and commercial roles at the institution.
LinkedInThe funding round was led by Puma Private Equity and will support the creation of a financial services-specific large language model.
"The financial Services industry does not need AI models that can quote Shakespeare, it needs AI models that deliver transparency, trust and above all correctness. The way to achieve this is to develop small, highly tuned language models, trained on financial services data, reviewed by financial services experts for specific financial services use cases."
Lloyds Banking Group led a £10m investment round to fund the national roll-out of Coadjute's property technology platform.
"We’re delighted that the Coadjute network is now being backed by the biggest players in the UK property market, enabling us to further expand our offering and roll out to more home movers and the professionals that serve them. Together with the estate agents, conveyancers and brokers joining the network, we hope to transform the experience of moving home in the UK, making it quicker, easier and safer for everyone in the future"
The Series B round will help fund the deployment of the company's tokenised cash innovation and global liquidity management ecosystem.
"Our Series B funding round represents the financial sector’s desire for a central bank money backed blockchain-based settlement solution that bridges the gap between traditional finance (TradFi) and decentralised finance (DeFi) in wholesale markets. Each Fnality Payment System utilises DLT to provide a 24/7 payment rail with the ability to reduce settlement cycles to real-time, while significantly improving intraday liquidity management and marking significant innovation in the speed, functionality, and resilience of wholesale payments."
Lloyds Banking Group led the round with a £2m contribution to support product development and team expansion.
"We are thrilled to partner with Lloyds Banking Group on this important fundraising round. As a leading provider of financial services to businesses and individuals in the UK, their investment in Fennech is a testament to the strength of our business and our team, as much as a testament to their willingness to further help their client base thanks to strategic technology and digitalisation. With this new funding, Fennech is well-positioned to continue its growth and success. We are extremely grateful for the support of Lloyds Banking Group. I would also like to thank and warmly welcome, on behalf of the team, our new Individual investors that joined this fundraising round for their trust and support."
Lloyds Banking Group provided the funding to support the development of new features for mobile applications.
