Lanistar aims to become £1 billion banking unicorn

By VARINDIA - 2020-03-26

Lanistar aims to become £1 billion banking unicorn

Lanistar has launched in UK after securing £2 million in seed funding.

 

The seed funding, which was raised through private financing and family contributions will support Lanistar’s money management app and debit card. Set for go-live later in 2020, the startup is currently in talks with the Financial Conduct Authority about securing a full banking licence.



Kiziloz says the company hopes to tap into the millennial and Generation-Z, 18-35 market, attracting customers who are seeking aspirational and lifestyle brands. Lanistar is offering early supporters and online influencers the opportunity to own part of the company. 


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