UK-based fintech start-up Hyperlayer has raised £30 million in a funding round led by CDAM with support from new investors Mouro Capital, Iona Star, and Flintlock Capital as well as previous backers including Susquehanna Private Equity Investments.
Founded in 2023 as the B2B venture of UK fintech HyperJar, which launched a personal finance app back in 2020, Hyperlayer offers a programmable financial services platform that enables financial firms to build, hyper-personalise, and launch new products at speed “without replacing or upgrading core systems”, the company says.
Hyperlayer says on its website that its offering “stacks onto existing infrastructure, creating a composable layer for rapid financial product development”, adding that it aims to become “the global programmable operating system for finance”.
Hyperlayer, which was named as one of the companies taking part in Mastercard’s latest Start Path engagement programme last month, says that in the two years since its launch, it is “already working with global Tier 1 banks” to power products such as rewards, loyalty programmes, and wealth management tools.
The company plans to use its fresh cash injection to fuel its international expansion plans and grow its product and engineering teams.
Commenting on the raise, co-founder and CEO Robert Rooney, who previously spent 30 years of his career with Morgan Stanley, says: “The next 18 months will see us scaling rapidly with new solutions in retail and commercial banking, loyalty and rewards, wealth and asset management, and reg-tech markets worldwide.”
Source: https://www.fintechfutures.com/
