Fintech savings platform Flagstone has experienced tremendous success, surpassing £10bn of inflows and witnessing a substantial increase in assets under administration. AltFi has received exclusive insight into Flagstone’s impressive journey.
A Convenient Solution for Savers
Flagstone provides savers in the UK with access to multiple savings accounts from 59 banks across the country. Since its launch in 2015, the platform has attracted over 600,000 customers, transforming the way individuals manage their finances.
Initially targeting individual savers, Flagstone has expanded its reach through strategic partnerships with prominent wealth management firms like St James’s Place, Saga, and Revolut. These collaborations have played a significant role in the company’s exponential growth and success.
Addressing the High Inflation Environment
With the prevailing high inflation environment, consumers are increasingly seeking better deals on cash interest rates. Simon Merchant, co-founder and CEO of Flagstone, emphasizes the need for fintech solutions that offer flexibility, visibility, and ease in managing financial accounts. By streamlining the process of researching, comparing, and switching between savings accounts across multiple providers, Flagstone aims to empower consumers and maximize their earnings.
A Bright Future Ahead
Flagstone’s remarkable achievements and commitment to revolutionizing the UK savings landscape position the company for a promising future. As more individuals prioritize finding higher yielding savings options, Flagstone’s platform will continue to attract users seeking to optimize their financial wealth.