The venture capital arm of one of Canada's biggest pension funds is leading a £12m fundraising for a London-based fintech backed by MoneySuperMarket, the price comparison site.
Sky News understands that OMERS Ventures has become a shareholder in Flagstone, a cash deposit platform which transmits money between accounts from well-known providers such as HSBC and Nationwide in search of the highest interest ratesThe fundraising has been under discussion for some time, but its completion during the coronavirus crisis underlines its shareholders' confidence in the company's prospects, according to one backer.
