A new banking alternative fintech company, Lanistar, has launched today after securing £2m in seed-funding.

The funding will support the creation of a new debit card product that Lanistar hopes will help customers streamline their money through “cutting-edge technology”. The product is expected to launch in winter 2020 and use polymorphic technology and open banking.

The company, launching with more than 45 full-time technology specialists, financial analysts, cyber security specialists, marketing and media experts – and a further 150 support staff due to be added – has been founded by entrepreneur, Gurhan Kiziloz, who stated his aim to “challenge traditional banking services”.

Kiziloz, commented: “Consumers are crying out for a hassle-free banking alternative that can make their lives easier and give them first-class customer service. For too long, the established banking providers have treated their customers like numbers in a spreadsheet, letting them down when they need it most and ignoring their concerns.
 
“We’re investing heavily in a product that will transform the market, giving consumers a personalised, exciting experience which will fit easily into their daily lives.
 
“The days of outdated, poorly performing banking services are over and we’re here to set the new industry standard. We fully expect Lanistar to become the next £1bn fintech company and our team will work around the clock to turn this dream into a reality.”

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