London-based fintech startup Stoa has raised €2.1 million ($2.4 million) in pre-Seed funding to scale its cash management platform. The company lets consumers and businesses tap into upfront lifestyle and business value from idle cash deposits, effectively turning dormant balances into immediate rewards.
The round was co-led by Bespokeist Partners and Ingenii Capital, with participation from Force Over Mass Capital. Stoa plans to use the fresh capital to accelerate product development and expand its user base across the UK.
The platform targets a segment often overlooked by traditional banks: the ability to unlock value from cash that would otherwise sit idle. This positions Stoa within a growing niche of fintechs that blur the line between savings, rewards, and cash flow optimization.
Stoa's approach signals a broader trend in financial services toward democratizing access to liquidity. By enabling users to access rewards on cash deposits without fees or penalties, the startup is challenging conventional banking models that typically reserve such features for high-net-worth clients.
Founded by a team with backgrounds in fintech and consumer lending, Stoa joins a wave of UK startups rethinking how everyday money management works. Investors appear bullish on the concept, though the company faces stiff competition from established neobanks and rewards platforms.