Here's an exclusive look at the pitch deck London fintech Lanistar used to raise $19 million at a $190 million valuation
* London-based fintech startup Lanistar has raised a £15 million ($19 million) funding round from Milaya Capital.
* Founded in 2019, Lanistar is building a personal financial management platform that will launch later in 2020.
* "We're expecting a huge amount of growth upon our launch and have already seen strong interest among our sign ups," Gurhan Kiziloz, founder and CEO of Lanistar, told Business Insider.
* Visit Business Insider's homepage for more stories.
The coronavirus lockdown in the UK has brought the importance of managing money into sharp relief. A recent study from Money.com shows that 71% of UK households have saved cash during lockdown, and, with uncertainty about jobs and the economy looming, money management is now front of mind for many.
Lanistar, a banking platform with a focus on personal finance, is one company offering tools for consumers to better manage their money. It has just raised a £15 million ($19 million) funding round from Milaya Capital, at a £150 million ($190 million) valuation.
"Personal financial management is incredibly important during the lockdown," Gurhan Kiziloz, founder and CEO of Lanistar, said. "With so many people furloughed and losing their jobs, people need to feel they have the tools to streamline their finances and spend their money more wisely."
Lanistar, founded in 2019, plans to fully launch later this year. As part of its launch, the company will offer a polymorphic bank card that allows up to eight different accounts on it.
Raising funds wasn't too taxing, despite the coronavirus pandemic, Kiziloz said. "Surprisingly it has been fairly easy for us," he said. "We have longstanding relationships with our VCs, so COVID hasn't impacted us in that sense."
Lanistar has 45 employees, as well as a 150-strong customer support team in Greece. Kiziloz is determined to make the startup into a £1 billion ($1.25 billion) unicorn.
"We're expecting a huge amount of growth upon our launch and have already seen strong interest among our sign ups, so we'll be using this funding to invest in a strong customer support network that will help us have superior customer support to other fintech companies out there," Kiziloz added. "We'll also be investing more into our operations and ensuring we will have enough product to meet demand."
Check out Lanistar's pitch deck below:
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