Seismic Venture Partners have announced a £5million Series A funding round, open to private investors. The early-stage investment will facilitate challenger Alba’s transition to second-stage operational status under a restricted license.
The Seismic Opportunities investment fund will enable new investors to collectively own nearly half of the business through the current raise of £5million. This is a fraction of the valuation of other challenger banks at the same stage of their evolution. Alba through its high-touch, hightech offering is looking to revolutionise banking funding for SMEs…
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