SaaScada Acquires £2.5M in Seed Funding

SaaScada, the cloud native core banking platform provider, announced it has raised £2.5m in seed funding from over ten investors – including leading figures from the banking and private investment sectors. 

Fazzaco Live Webinar on 12th May: Vladimir Moshkov on How to Start a Crypto Exchange from Scratch​

Co-founded by leading industry innovators Nelson Wootton and Steve Round, SaaScada offers a highly agile core-banking engine that enables financial institutions to create and launch innovative banking services at speed and scale. SaaScada is lowering the barrier to entry for a wider range of financial institutions, enabling them to offer banking products at a lower cost and with less complexity. In doing so, SaaScada is levelling the playing field to enable smaller financial providers to rapidly create competitive offerings, helping to ensure that first class banking is accessible to all.

"Launching new banking services has traditionally been expensive, time-consuming, and restrictive, due to the inflexible nature of the core banking black box. As a result, a lot of organisations have been frozen out, as the cost and complexity of launching services has been prohibitive," said Nelson Wootton, Co-Founder and CEO at SaaScada. "We're here to change that."

SaaScada will use this new round of funding to build on the momentum it has already created, accelerate growth and expand the company's footprint in the banking sector.