1-2 days a week in office
Cash deposit marketplace
Job no longer available
Cash deposit marketplace
201-500 employees
Job no longer available
1-2 days a week in office
201-500 employees
To help every saver manage, protect, and grow their cash.
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 few years, the company has ramped up its competitive edge, too. In 2021, it 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.
Its international expansion is gaining traction too. Through partnerships with firms like HSBC Channel Islands and Evelyn Partners, it now offers global clients multi-currency access to top banks. And backed by a £108M investment, its revenue and assets have grown sharply, pointing to a strong demand and a solid foothold overseas.
Kirsty
Company Specialist at Welcome to the Jungle
68% employee growth in 12 months
Mar 2024
$148.5m
GROWTH EQUITY VC
Mar 2022
$3.6m
LATE VC
London, UK
Andrew Thatcher
(Co-Founder & 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
(Co-Founder & 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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