Fintech company Hyperlayer is dedicated to helping banks, wealth managers, and asset managers launch innovative financial products more efficiently and rapidly. Recently, the company announced it has successfully raised £30 million (around US$40 million) in venture funding, marking a significant milestone in its growth trajectory.
The newly acquired funding will be allocated to expanding Hyperlayer’s product and engineering teams, enabling it to further enhance its technological offerings. Additionally, this investment will support the company’s international expansion, particularly as demand for its unique plug-and-play financial technology continues to grow across markets.
Currently, Hyperlayer is partnering with prominent global Tier 1 banks, where its technology is powering advanced account features, comprehensive rewards programs, and innovative loyalty initiatives. Moreover, it is introducing new tools for wealth management to optimize the customer experience and engagement.
One of the standout features of Hyperlayer’s technology is its compatibility with existing banking infrastructures. This flexibility enables financial institutions to innovate and remain competitive with digital-first challengers without the need for costly, time-consuming upgrades or replacements of core banking systems.
The use cases of Hyperlayer’s technology are diverse and impactful:
- Empowering legacy brands: Traditional banks can protect their deposit bases and market share by swiftly creating programmable accounts. These accounts feature integrated rewards, loyalty programs, wealth management services, and cash management solutions, all developed at an unprecedented speed to keep pace with customer expectations.
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Integrating finance into daily experiences: Brands and communities, including retailers and sports clubs, can leverage Hyperlayer’s technology to provide quick and efficient ways to embed financial services and programmable rewards. This integration enhances customer engagement and drives additional revenue opportunities by making financial services more accessible and relevant.
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Enhancing financial control: Hyperlayer offers users transparent, shareable, and adaptive accounts that empower individuals and businesses to take full control of their financial well-being. These accounts come equipped with innovative savings tools and automatic money management rules. Additionally, shared accounts facilitate hyper-personalized financial interactions, making money management straightforward and tailored to individual needs.
KEY QUOTES:
“We’re excited to be partnering with such an experienced group of investors with deep expertise in the fintech space. This funding underlines the demand we’re seeing for our breakthrough tech which cuts time-to-launch, costs, and risk for banks and other businesses looking to innovate. The next 18 months will see us scaling rapidly with new solutions in retail and commercial banking, loyalty and rewards, wealth and asset management, and reg-tech markets worldwide.”
Rob Rooney, Co-founder and CEO at Hyperlayer
“The Hyperlayer team has proven product-market fit in a very short space of time and there’s clear demand for their unique tech. The sophistication of their platform gives them first-mover advantage over competitors and makes them a compelling addition to our portfolio. We’re looking forward to supporting the next stage of their growth.”
Scott Davies, Founder and CIO at CDAM
