1-2 days a week in office
Cash deposit marketplace
Open for applications
Cash deposit marketplace
201-500 employees
Open for applications
1-2 days a week in office
201-500 employees
To help every saver manage, protect, and grow their cash.
Desirable
Cash deposit marketplaces handle savings on behalf of their clients. Instead of large lump sums floundering in low savings accounts, they help clients deposit these funds in or across the best interest-bearing deposit accounts, with the potential to make significant passive income.
There’s a growing appetite for them, and over the past decade Flagstone has quietly emerged as the UK market leader. Flagstone services individuals, charities, and businesses looking to spread their savings across any of 47 different UK banks, including institutions like Coutts and newer players like Revolut.
In the last 3 years, the company has ramped up its competitive edge, too. In 2021, Flagstone dropped its minimum required personal deposit from £250k to £50k to fall in line with high-end competitor Insignis Cash Solutions. Plus, in 2022, it began selling its product internationally.
The international market may prove trickier for Flagstone to crack - UK competitor Raisin has a strong pan-European market presence and already commands high levels of funding. Furthermore, it has a lower minimum required deposit than Flagstone. Nevertheless, there’s space for Flagstone to carve out its own niche if it focuses on organisations and wealthier clientele.
Kirsty
Company Specialist at Welcome to the Jungle
Few candidates hear
back within 2 weeks
68% employee growth in 12 months
Opportunities to learn
"The day to day work itself offers plenty of opportunities to learn, but on top of that, Flagstone has a really positive culture of personal..."
Mar 2024
$135.4m
GROWTH EQUITY VC
Mar 2022
$3.3m
LATE VC
London, UK
Andrew Thatcher
(CEO)Previously executive director at Citi, before serving as head of marketing at GLG Partners, and then executive director of Man. Afterwards moved into an MD role at Banque Havilland S.A.
Simon Merchant
(CEO)Was a senior partner at Fidelity Capital Partners Limited alongside co-founding and serving as CEO at Jacana Partners, and then co-founding New Street Capital.
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