See other companies on Welcome to the Jungle
The Bank of London
Global clearing, agency, and transaction bank
- 101-200 employees
- Fintech
- B2C
- B2B
- Banking
- Payments
- Financial Services
- City of London, London, UK
Jump to section
Company mission
To lift economies and communities by powering the borderless economic infrastructure of the future.
Our take
The UK hadn’t launched a new principal clearing bank in over two centuries, with many of these original entrants going on to form the UK’s Big Four. Change is now on the horizon, however: in the past five years, two new contender clearing banks have launched, most recently The Bank of London. The company aims to contend with the UK’s Big Four in the areas of global clearing and settlement, global transaction banking, and global agency banking.
It’s certainly drawn a lot of buzz: without processing a penny, The Bank of London achieved a Unicorn grade valuation upon launch - and now it’s going on a hiring binge with the aim of bulking up its staff to the tune of around 3,000 new employees. It’s also reportedly in discussion with European and North American regulators, so seems intent on moving fast.
The Bank of London is a welcome addition to the UK financial sector for many: with over 75% of transactions currently processed by just five banks, customers are trapped with the largely outdated, slow, and pricey technology these institutions employ. It will be interesting to see if The Bank of London can deliver on its hype.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Up to $100 per month book allowance
- Time off: 30 days + bank holidays (41 total)
- 401k: 6% point for point match
- Stock Options
- $1000 per year towards a gym membership of your choice
- Comprehensive health, vision, and dental coverage
Company values
- We're exceptional. Without exception.
- We play by the rules. We do the right thing. Always.
- We learn. Fast.
- We're ferocious in delivering amazing.
- We make the complex simple.
- We're human. We're kind.
- We give gratitude. We give back.
Funding (last 2 of 3 rounds)
Aug 2024
$55m
LATE VC
Feb 2023
$40m
SERIES C
Total funding: $185m
Leadership
Anthony Watson
(CEO)Previously a Wells Fargo SVP, MD and CIO of Barclays, CIO of Nike, a council chair for the Labour Party, and founding president and CEO of payment company Uphold.