Kord, a fintech company focused on modernizing financial workflows for regulated businesses, announced it has raised £6.4 million in Series A funding to accelerate the growth of its platform that combines client onboarding and client money management into a single solution.
The funding round was led by Guinness Ventures, with participation from Beringea, SFC Capital, and a group of angel investors.
Founded in 2019 by James Owusu, Kord was created to address inefficiencies caused by fragmented legacy systems that many regulated organizations rely on. These outdated processes can slow transactions, increase operational complexity, and introduce unnecessary compliance and financial risks.
Kord has developed what it describes as the only platform that unifies client onboarding and client money management. The platform provides secure digital wallets alongside dedicated client money bank accounts, allowing regulated entities to manage customer funds through a streamlined and compliant workflow.
By bringing these capabilities together, Kord aims to help organizations reduce operational friction while improving the security and efficiency of handling client funds.
The new capital will support Kord’s next phase of growth as the company expands its platform, enhances its products, and serves more customers across regulated industries.
