Banking Platform Bond Readies for Startup-Focused Launch

Fintech startup wants to ensure other firms are not haunted by the spectre of failure.

This is not for your eyes only as fintech company Bond is preparing to unleash its borderless platform to help the banking of startups and their founders.

The London-based challenger bank is the brainchild of Marcus Joseph-Strycharczk, formerly of venture and development capital enterprise Alto Leblon Group.

He doesn’t expect other startups to die but to flourish and wants his new venture to be a banking partner by offering a variety of services.

The startup states: “Our mission at Bond is to democratise access to the tools needed to define tomorrow.”

Unlike the fintech firm Bond in California, which was founded in 2019 and offers an embedded finance platform, this UK-based Bond will offer four main things – business accounts, treasury, a corporate credit card and a private bank. These are all in the beta stage as Bond is not yet officially launched.

Its international business accounts and debit cards provide access to local and international payment rails. Users will be able to pay and receive in local currencies throughout the world with global IBANs and zero FX fees.

Bond says its treasury service will analyse finances and then determines what cash could be put to work earning yield in investments tailored to the client’s desired risk level.

The physical and virtual corporate credit card offers “uncapped cash back and no founder liability”. Users will be able to create and manage their team’s cards within the business account.

According to Bond, customers will be also able to sync with their existing software. It’s a case of live and let thrive as Bond says it can integrate with over 5,000 financial apps, such as QuickBooks, Sage, Xero, Microsoft Dynamics, Oracle NetSuite and Stripe.

These are very early days for Bond and it is currently looking for a software engineer to ensure tomorrow never dies for itself and other fintech startups.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.

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