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LB

Lloyds Banking Group

Corporate

Lloyds Banking Group is a financial services provider offering retail and commercial banking, general insurance, and long-term savings.

Portfolio

7

companies


Portfolio companies

Coadjute

Coadjute

Coadjute connects property market participants through a secure data network.

FF

Fennech Financial

Fennech Financial provides an automated corporate banking and treasury platform for businesses.

C

Caura

Caura provides a unified mobile application that consolidates vehicle administration and payments for UK drivers.

Moneyhub Financial Technology

Moneyhub Financial Technology

Moneyhub develops open finance and open data software for corporate clients.

Moneyhub

Moneyhub

Moneyhub provides an open finance and data platform for enterprise clients.

Thought Machine

Thought Machine

Thought Machine develops cloud native core banking technology for financial institutions.

Form3

Form3

Form3 operates a cloud-native account-to-account payment processing platform.


Team

JC

John Chambers

Group Chief Information Officer

KR

Kirsty Rutter

Director of Fintech Investment

ED

Esther Dijkstra

Managing Director of Intermediaries


Recent investments

£10.0M

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"
— Dan Salmons, CEO
Other
£2.3M

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."
— Emmanuel De Rességuier, CEO
Growth
£15.0M

Phoenix Group joins existing backers Legal & General and Lloyds Banking Group as a co-lead investor in the business.

"This additional investment from Phoenix Group, following our long-standing commercial relationship with its Standard Life business, is further testament to the growing possibilities the industry sees in Open Data, and the transformational role Moneyhub can play. We are delighted that Phoenix Group has chosen to go even further by investing in the business. With Consumer Duty and Pensions Dashboard driving the need to focus on consumer outcomes, the only answer is to work in a trusted data sharing approach with your customers."
— Samantha Seaton, CEO
Growth
£40.0M

Legal & General and Lloyds Banking Group led the financing round, which includes a £5m debt facility from Shawbrook.

"Their new investment helps us signal a step change in the way the financial services industry thinks about Open Data and the possibilities it presents. Understanding and utilising customer transaction data for the benefit of the customer’s financial wellbeing not only helps businesses fulfil their consumer duty regulatory obligations, but also empowers them to create further opportunities."
— Samantha Seaton, CEO
Series D+
£129M

Temasek led the Series D round, which values the cloud banking technology firm at $2.7bn.

"We are investing c.£40m into Thought Machine, a fintech innovator and partner we consider strategic to the industrial upgrade of Intesa Sanpaolo. Their cloud-based technology is fundamental to our transformation from incumbent to digital challenger, improving our core banking technology and providing the foundation for our new digital bank, Isybank."
— Carlo Messina
Series C
£150M

Nyca Partners led the Series C round, which values the business at over $1bn and includes backing from several major global banks.

"We are delighted to have earned the support of our new and existing investors as we continue to move the world’s leading banks into the cloud. We set out to eradicate legacy technology from the industry and ensure that all banks deployed on Vault can succeed and deliver on their ambitions. These new funds will accelerate the delivery of Vault into banks around the world who wish to implement their future vision of financial services."
— Paul Taylor, Founder
Series C
£116M

Goldman Sachs Asset Management led the Series C round to support international expansion and platform development.

"Financial institutions are increasingly turning to modern, cloud-based technologies in order to handle growing payment volumes efficiently and in real-time. We are delighted to be leading this investment round and look forward to working together with Form3 and other shareholders to help realise their ambitious global roadmap and strategic growth plan."
— James Hayward, Managing Director
Series C
£25.1M

Lloyds Banking Group, Nationwide Building Society and 83North led the Series C round to support product enhancement and global expansion.

"Together with our supportive shareholders, Form3 is reshaping payments technology to the next evolution of real-time payment processing without borders."
— Michael Mueller, Chief Executive Officer