A British fintech that has standard life among its key customers is about to finalize one of the largest finance rounds in industry so far this year.
Sky News understands that Hyperlaid, who is led by former director of Morgan Stanley, Rob Rooney, aligns a major capital injection led by CDAM, an investment company based in the United Kingdom and several new institutional investors.
City sources said this weekend that the new capital of CDDD and other donors could total at least 30 million pounds sterling.
The financing tour should take place at a post-money assessment of around 160 million pounds sterling.
Hyperlayer, which operates a consumer -oriented digital portfolio called Hyperjar, intends to use new funding as a growth capital to finance the development of new partnerships with world banks and asset managers.
The company provides intelligent account technology on the existing customer infrastructure and will work with a number of the 10 largest banks in the world – although it has not publicly disclosed their identity.
His work with standard life implies the future launch of a monetary consumption application for people approaching or early retirement.
The original hyperlayer consumers’ platform sees that customers organize their money in what the company calls “digital jams”, allowing them to earn rewards that give them access to partner brands such as Asda, Morrisons and Starbucks.
IKEA and the John Lewis partnership are among the other merchant partners with whom Hyperlayer strives to develop distinctive initiatives based on loyalty for its financial institution customers.
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Founded in 2006 by Adam Chamberlain and Scott Davies, CDDD has 1.5 billion dollars of assets under management and is an investor experienced in financial services technology.
Mr. Davies has a headquarters on the board of directors of Hyperlayer for several years.
Mr. Rooney, who was an eminent executive of Wall Street for years, was finally technological operations by Morgan Stanley, joined the company as CEO in 2023.
The new capital injection led by CDDD is supposed to be subject to the approval of the Hyperlayer shareholders.
Hyperlayer refused to comment on Sunday.