When assessing income and employment, lenders still rely heavily on legacy systems, which are slow, error-prone, and often incomplete, preventing many people from accessing credit.
Teal solves this by providing lenders with real-time, verified income and employment data, creating a more transparent, inclusive, and user-centric credit ecosystem that allows users to access credit that works for them.
This week, Teal announced its £1.4m funding round, which we are proud to have participated in alongside Passion Capital, Kfund and prominent angel investors from notable fintechs such as Plaid and Checkout.com. The funding will be used to bring instant income and employment verification to millions across the UK.
Congratulations to Michael Hart, André Saavedra Pinto and the entire team. We look forward to supporting your next stage of growth.
Check out the full story in UKTN here: https://shorturl.at/Cwobl
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