Flagstone

About

Flagstone Investment Management is a pioneering UK-based fintech company that has established itself as the country's leading cash deposit platform. Founded in 2013 by Simon Merchant and Andrew Thatcher, the company was created to address the inefficiencies within the traditional cash savings market. Flagstone provides a secure online platform that empowers individuals, small and medium-sized enterprises (SMEs), charities, wealth managers, and high-net-worth individuals to manage their cash assets more effectively. Through a single application, clients gain access to hundreds of deposit accounts from a diverse panel of over 60 banking partners, including major high street banks and challenger banks. This streamlined process enables clients to easily compare and open multiple accounts, thereby maximising their interest income and mitigating risk through diversification and enhanced utilisation of the Financial Services Compensation Scheme (FSCS) protection. The platform is designed to offer transparency and control, providing clients with access to market-leading and exclusive interest rates. Flagstone's innovative technology simplifies the administrative burden of managing multiple bank accounts, offering consolidated reporting and regular rate alerts to ensure clients' cash is always working hard for them. The company has experienced rapid growth, now administering over £16 billion in assets and serving a wide range of clients directly and through partnerships with over 1,000 financial services providers. Flagstone's commitment to innovation is further demonstrated by its adoption of technologies like Microsoft Azure and its exploration of AI to enhance client experience and operational efficiency. The company's vision is to revolutionise the savings market by making it simple and rewarding for everyone to make their money work harder, aiming to awaken the vast amount of dormant savings in the UK.