TLDR:
- Noggin HQ, a UK-based fintech company, raised £710K in Pre-Seed funding.
- The funding round was led by Oxford Capital and supported by Bethnal Green Ventures, SyndicateRoom, and several domain-specific angels.
Noggin HQ, a fintech company based in Newcastle upon Tyne, UK, recently secured £710K in Pre-Seed funding. The round was spearheaded by Oxford Capital and also received support from Bethnal Green Ventures, SyndicateRoom, and various domain-specific angels. The company, founded by CEO Evangeline Atkinson and COO Laura Mills, aims to enhance credit access for marginalized groups, including young people, recent immigrants, and renters. The funds will be used to expand operations and focus on developing their first product, a price comparison platform offering fair and transparent credit terms.
Noggin HQ’s mission is to provide a platform where individuals can purchase products with more accessible credit options, addressing the needs of individuals who are typically excluded from traditional finance systems. The company received FCA authorization in December 2023, signaling a significant milestone in their journey towards improving financial inclusion for underserved communities.
This funding marks a crucial step for Noggin HQ as they gear up for the launch of their innovative product and continue to make strides in the fintech industry. With the support of key investors and industry partners, Noggin HQ is poised to make a meaningful impact in the realm of credit access and financial inclusion.
