MH have closed another Series A fundraising, this time advising fintech Koyo on the equity element of its $50m round led by Force Over Mass.
The round, which also had participation from investors Forward Partners, Frontline Ventures, Matt Robinson and Seedcamp, will help the company to accelerate its growth trajectory. Koyo uses open banking to offer loans to an underserved market usually known as “thin file” customers (short or no credit history) or “near prime” customers. The near-prime market equates to 13-15 million people in the U.K.
Koyo was built on the idea that access to affordable credit is something people take for granted but many do not have access to. The company’s vision is to become a world leader in using alternative data to offer competitively priced financial products.
More information can be found here.