London startup to create 150 jobs in "next £1bn fintech company"

A new fintech company has launched after securing £2m in seed funding.

Lanistar, a banking alternative fintech firm, is based in Hammersmith, and is launching with plans to hire 150 staff.

The new positions will cover cyber security, financial analytics, and marketing and media.

The seed funding, which was raised through private financing and family contributions, will support Lanistar’s creation of a new debit card product that will help customers streamline their money through polymorphic technology and open banking.

The company says its aim is to become the next fintech company worth £1bn.

Gurhan Kiziloz, CEO of Lanistar, 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 on 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“The days of outdated, poorly performing banking services are over and we’re here to set the new industry standard.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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