Incuto

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

Highlights

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.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Mar 15, 2021 ZenSports	Series A	—	Blockchain	—

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
European regional development fund (ERDF)	—	Series Unknown
Fair By Design Fund	—	Series Unknown
North East Innovation Fund	—	Series Unknown
NPIF – Mercia Equity Finance	—	Series Unknown
The Future Fund	—	Series Unknown
Northstar Ventures	—	Series A
Wayra	—	Funding Round