Nationwide is the world's largest building society and a major financial services provider in the UK.
Portfolio
6
companies
10x Future Technologies
10x Future Technologies builds cloud native core banking systems for major financial institutions.
Aveni
Aveni provides real time conversation analytics and automation tools for regulated industries.
BankiFi
BankiFi supplies embedded banking and open cash management technology for small and medium businesses.
Coadjute
Coadjute connects property market participants through a secure data network.
Hazy
Hazy provides synthetic data solutions that enable enterprises to utilise sensitive information securely.
Tembo Money
A financial technology platform transforming consumer lending and mortgages for first time buyers.
Henry Jordan
Director of Home
Henry brings extensive mortgage and credit risk experience from roles at Nationwide Building Society and Cheltenham & Gloucester.
Samuel White
Venture Partner
Samuel brings corporate venture capital and M and A experience. He currently serves as head of ventures and venture partner at Nationwide.
The 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 seed round was led by Aviva and Fair by Design to support product expansion.
The oversubscribed round was co-led by BlackRock and Canada Pension Plan Investment Board with backing from existing investors.
"This funding round represents another significant milestone in our journey to become the operating system of choice for leading banks across the globe,"
Notion Capital led the follow-on investment round, backed by existing supporters including M12 and Nationwide.
"We are incredibly excited to be part of this funding round in Hazy. We believe that synthetic data will open a world of opportunities for large enterprises to use their data, extract insights and train their models among others, without compromising their customers’ information."
