About The Bank of London
The Bank of London is a company based in London (United Kingdom) founded in 2016 by Anthony Watson.. The Bank of London has raised $185 million across 3 funding rounds from investors including Mangrove Capital Partners, 14W and ForgeLight. The Bank of London offers products and services including Operating accounts, Savings accounts, Client money accounts, Safeguarding accounts, and Developer Studio. The Bank of London operates in a competitive market with competitors including Cross River, Solaris, QI Tech, ClearBank and Saxo Payments Banking Circle, among others.
- Headquarter London, United Kingdom
- Founders Anthony Watson
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name The Bank Of London Group Limited
- Date of Incorporation 28 Aug, 2020
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$185 M (USD)
in 3 rounds
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Latest Funding Round
$55 M (USD), Series D
Sep 10, 2024
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Investors
Mangrove Capital Partners
& 2 more
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Employee Count
Employee Count
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Products & Services of The Bank of London
The Bank of London offers a comprehensive portfolio of products and services, including Operating accounts, Savings accounts, Client money accounts, Safeguarding accounts, and Developer Studio. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for managing operational cash flow and secure transfers.
Accounts offering interest on business funds held at the Bank of England.
Accounts for compliance with financial regulations and client fund management.
Accounts ensuring regulatory compliance for pooled or virtual funds.
Platform for integrating banking APIs to launch financial products quickly.
Funding Insights of The Bank of London
The Bank of London has successfully raised a total of $185M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $55 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series D — $55.0M
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First Round
First Round
(30 Nov 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series D - The Bank of London | Valuation | Mangrove Capital Partners |
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| Feb, 2023 | Amount | Series C - The Bank of London | Valuation | Mangrove Capital Partners , 14W | |
| Nov, 2021 | Amount | Series C - The Bank of London | Valuation | ForgeLight |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Bank of London
The Bank of London has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Mangrove Capital Partners, 14W and ForgeLight. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are directed toward tech sectors.
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Founded Year | Domain | Location | |
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Tech-focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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ForgeLight is engaged in media and technology solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The Bank of London
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - The Bank of London
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Bank Of London Comparisons
Competitors of The Bank of London
The Bank of London operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cross River, Solaris, QI Tech, ClearBank and Saxo Payments Banking Circle, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Open banking API solutions are provided for financial institutions.
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| domain | founded_year | HQ Location |
Solaris is recognized as a leading embedded finance platform in Europe.
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| domain | founded_year | HQ Location |
Open banking API solutions are provided for financial product building.
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| domain | founded_year | HQ Location |
Cloud-based open banking API is developed for banking-as-a-service solutions.
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| domain | founded_year | HQ Location |
Open banking APIs are supplied to banks and financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on The Bank Of London
Frequently Asked Questions about The Bank of London
When was The Bank of London founded?
The Bank of London was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is The Bank of London located?
The Bank of London is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of The Bank of London?
Anthony Watson is the current CEO of The Bank of London. They have also founded this company.
Is The Bank of London a funded company?
The Bank of London is a funded company, having raised a total of $185M across 3 funding rounds to date. The company's 1st funding round was a Series C of $90M, raised on Nov 30, 2021.
What does The Bank of London do?
Provider of banking solutions for businesses, focusing on payments, corporate banking, and embedded finance. It offers operating accounts, savings accounts, and client money accounts designed to meet diverse business needs. The company provides seamless access to UK payment networks and offers scalable banking solutions for corporations. Additionally, it facilitates embedded banking, allowing businesses to integrate banking products into their platforms. A key differentiator is its focus on deposit security, holding client funds at the Bank of England and avoiding lending or leveraging those deposits. The firm also offers a developer studio with APIs for faster integration of financial products.
Who are the top competitors of The Bank of London?
The Bank of London's top competitors include Solaris, Cross River and ClearBank.
What products or services does The Bank of London offer?
The Bank of London offers Operating accounts, Savings accounts, Client money accounts, Safeguarding accounts, and Developer Studio.
Who are The Bank of London's investors?
The Bank of London has 3 investors. Key investors include Mangrove Capital Partners, 14W, and ForgeLight.
What is The Bank of London's valuation?
The valuation of The Bank of London is $1.1B as of Feb 2023.
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