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Cash deposit platform receives over £100mn from PE firm

News Team, 12/03/2024

Cash deposits platform Flagstone has received a £108 million equity investment from US financial services specialist private equity firm Estancia Capital Partners. 

Under the terms of the deal, Estancia will take a minority stake in the Flagstone business.

Co-founded by Andrew Thatcher and Simon Merchant, Flagstone launched in 2015 to create a service-driven fintech platform that helps UK savers make their money work harder. 

Individual ...


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