Shuttle, the onboarding platform that helps banks and similar business to open new sales channels has today announced the closing of their latest angel investment round.
Established in July 2015, Shuttle has emerged as the leader in the introduced account opening space. This latest funding round will support team and product growth which is already evident in the securing of new office at the SiNC facility in Croydon, Surrey.
Founder and CEO, David Williams says, “We’re delighted to receive the support and backing of our angel investor group. This injection will support our organic growth which will see us bring new, exciting technology to an under-served sector of the market”.
Strategic Opportunity for Growth
The senior leadership team have identified key strategic areas to deliver Shuttle. The upcoming challenges of GDPR the financial services sector is looking closely at how data is collected and managed. This is made more complicated as third parties, such as accountants and lawyers, introduce new customers and new business.
Shuttle captures, validates and verifies data and documents and provides a secure workflow. This creates a safe, audit able work-space and is the go-to solution for multi-party transactions.
The investment will support enhanced integration to ‘Know-Your-Customer’ and ‘Anti-Money-Laundering’ data sources. As well, the funding provides for further development of their voice-driven application module and the scaling of business infrastructure.
The investor group operates in the financial services space and brings unique insight and a valuable contribution to the board.