Distribution disruptor Stubben Edge has raised £5.6 million amid further plans to engage in M&A very soon. Notable investors included Lloyd’s and Dowgate Wealth. “In the context of declining confidence in the fintech market and the wider economic climate, this is a huge deal and testament to the strength of the business,” said Chris Kenning, CEO of Stubben Edge. “Our ambition continues to be to support the entrepreneurs and owners of brokers and independent financial advisors. Helping them build their businesses by providing the technology, data and products that will enable them to service their SME clients more efficiently, cost-effectively, wherever, and whenever their clients want to engage. Our ambition is to change the financial services industry, which is currently antiquated, arbitrary and unbalanced, empowering brokers and IFAs to provide better value for money, security and confidence for customers and their families, while building long-term business success.”
Source: Insurance Business Mag