New fintech set to transform consumer investment experience
Scottish fintech company Visible Capital announced today it had secured £500,000 seed funding from TechStart Ventures and a group of eight private investors.
They also announced the appointment of Preston Rabl (WPP founder) on their board.
The 3 founders, Richard Braidwood, Ross Laurie and Christian Burgin will launch Visible Capital in early 2020. The solution will use Open Banking to assist clients of intermediaries provide their advisors with controlled access to their financial data in order to receive quicker, more informed advice on financial matters.
“Financial advisers and wealth managers still take information from their clients in paper form – which means the advice they give and the strategies they suggest can only be as good as the immediate information they receive. Visible Capital’s technology allows the intermediary agreed and controlled access to real data about spending needs, wants, savings and borrowing, giving an instantly accurate picture of their clients’ ongoing finances – making the onboarding process quicker and easier, and a lot more precise.”Richard Braidwood, Co-Founder of Visible Capital
Earlier this year Visible Capital received approval from the Financial Conduct Authority.