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Incuto
company
About
Incuto is a banking technology platform, transforming Credit Unions into community-focused challenger banks.
- Ilkley,Bradford,United Kingdom
- 11 - 50
- https://www.incuto.com
Details
- Last Funding Type
- Series A
- Last Funding Money Raised
- £1.75M
- Industries
- Banking,Blockchain,FinTech,Payments
- Founded date
- Nov 1, 2016
- Number Of Employee
- 11 - 50
- Operating Status
- Active
- Legal Name
- incuto Limited
Incuto is a socially profitable technology partner for credit unions and community banks. They provide state-of-the-art technology, supporting credit unions to reduce costs, be digital, offer more and go faster.The incuto platform allows credit unions to offer banking services, including an on-balance-sheet debit card, a bank account, and a sort code. The platform also enables credit unions to compete with high-cost, short-term "payday" lenders, being accessible 24*7 on any device, with loans completed in less than 5 minutes.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
7
£4.20M
Incuto has raised a total of
£4.20M
in funding over 2 rounds. Their latest funding was raised on
Nov 13, 2020 from a Series Unknown round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Nov 13, 2020 | Series Unknown | £1.75M | 6 | — | — | Detail |
| Aug 7, 2020 | Series A | £1.75M | 1 | — | — | Detail |
| Jun 4, 2019 | Seed | £100K | 2 |
Northstar Ventures
|
— | Detail |
| Aug 22, 2018 | Seed | — | 1 |
Fair By Design Fund
|
— | Detail |
| Mar 30, 2018 | Seed | £600K | 1 | — | — | Detail |
Investments
Number of Investments
Number of Lead Investments
1
0
Incuto has made 1 investments. Their most recent investment was on
Mar 15, 2021, when ZenSports raised 0.
Investors
Number of Lead Investors
Number of Investors
2
8
Incuto is funded by 8 investors.
Ascension
and European regional development fund (ERDF)
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
Ascension
|
— | Series Unknown |
|
|
— | Series Unknown |
|
Fair By Design Fund
|
— | Series Unknown |
North East Innovation Fund
|
— | Series Unknown |
NPIF – Mercia Equity Finance
|
— | Series Unknown |
|
|
— | Series Unknown |
|
Northstar Ventures
|
— | Series A |
Wayra
|
— | Funding Round |
Employee Profiles
Number of Employee Profiles
1
Incuto has 1 current employee profiles, including
Executive Andrew Rabbitt
Executive
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