UK – mmob, a London, UK-based embedded finance network, raised GBP£5m in seed funding.
A group of angel investors including high net worth individuals and senior banking executives participated in the round. The company intends to use the funds to advance the development of its technology platform, enter new markets including Malaysia, and further its leadership position within embedded finance. Led by founder and CEO Irfan Khan, mmob provides an embedded finance network API that aims to eliminate the complexity, time, and resources brands need to select and deploy partner-driven services. Through its API, operators of banks and large fintechs can connect to mmob’s network of third-party partners and rapidly deploy complementary digital products and services for their customers. Since its inception, the company has built a network of partners including PensionBee, iwoca, Cuckoo, Superscript, So-Sure, Anorak, and Uinsure.09/03/2022
