Company Research Report: Bondsmith

Company Overview

• Name: Bondsmith Savings Ltd

• Mission: No explicit mission statement provided, but Bondsmith is committed to helping businesses unlock the full potential of cash by delivering innovative solutions, particularly in cash savings, treasury management, payments, and Lombard lending.

• Founded: No information on the exact founding date.

• Founder: Michael Doyle

• Key People:

• Michael Doyle, Founder and CEO

• Headquarters: 124-128 City Road, London, EC1V 2NJ, United Kingdom

• Number of Employees: No information is available.

• Revenue: No information is available.

• What the Company is Known For: Bondsmith is known as a financial technology company that partners with businesses to provide innovative cash management and savings solutions in the wealth management industry. They focus on cash savings, treasury, payments, and Lombard lending.

Products

Savings Accounts

• Description: Offer clients cash savings accounts through a panel of banks and building societies.

• Key Features:

• Competitive interest rates from FSCS-protected banks.

• Integrated and standalone solutions for wealth managers, fintechs, and banks.

Lombard Lending

• Description: A lending facility secured against an investment portfolio.

• Key Features:

• Provides additional credit sources without divesting the portfolio.

• Offers competitive rates and quick processing.

• Highly capital efficient for lenders.

Treasury Services

• Description: Advisory services to maximize returns on deposits.

• Key Features:

• Market leading deposit expertise.

• Connection with a wide range of UK and international banks.

• Brokerage services and treasury consultancy.

Cards

• Description: Launch VISA debit or credit cards under clients' branding.

• Key Features:

• Embedded banking to enable comprehensive financial management.

Recent Developments

Partnerships and Collaborations

• Nucleus Partnership:

• Development: Partnered with Nucleus to enhance the James Hay cash panel platform.

• New Features: Provides an improved range of competitive fixed term deposit and notice accounts.

• Visa Network:

• Development: Became a principal member of the Visa network to offer neo-banking capabilities.

• Future Offering: Will provide white-labeled Visa debit cards for wealth management clients.

• Emma Partnership:

• Development: Partnered with Emma to offer Easy Access Pots, allowing customers to earn interest on cash deposits.

• New Feature: Enables savings functionality, offering up to 2.43% AER interest through the Emma app.

Investment

• Series-A Funding: Raised Series-A investment led by FNZ to enhance cash management accessibility.

Conclusion

Bondsmith is a key player in the financial technology sector, specifically focusing on improving cash utilization and savings solutions for wealth management. With established partnerships and continuous enhancement of their product offerings, such as embedded banking services and competitive lending facilities, they are poised to capture a larger market share within the fintech and wealth management industries.