Loot, a UK-based digital bank startup, has reportedly received an investment from the Royal Bank of Scotland (RBS). According to FT, RBS has taken a 25% stake in the startup as it prepares to launch a new digital bank. The investment was made on behalf of Bó, the digital-only bank RBS is creating. Founded in 2014, Loot describes itself as a current account and contactless Loot Mastercard card that offers insights into spending with personalized features to manage money.
“Loot is a current account and works just as you would imagine, only, Loot is not a bank. The difference is how we look after your money. Your Loot card is a Mastercard and is protected by Mastercard rules. Your money is kept in a separate, protected account and is available anytime you need it. We never ever take risks with your money (it doesn’t get invested in anything), and so, your account isn’t covered by the Financial Services Compensation Scheme. This separate, protected account is controlled by Wirecard, the company who issues our Loot cards. In the unlikely event Wirecard becomes insolvent, your money would be protected against any claims made by creditors.”
Speaking about the investment, Mark Bailie, Bó chief executive, added:
“Loot is a really exciting brand and one that we’re proud to be associated with. Through its innovative use of technology and intention to change the status quo, it’s quickly built a following of loyal customers, with potential for rapid future growth.”
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Reg A - Form 1-A Filings Beta
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YTD: Jan 1, 2026 - Nov 7, 2026 vs Jan 1, 2025 - Nov 7, 2025
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Number of Filings134Prior 129 +3.9%
Target Raise, Total$3.45BPrior $3.59B -3.8%
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129
+3.9%
Target raise
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$3.59B
-3.8%
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“Loot is a current account and works just as you would imagine, only, Loot is not a bank. The difference is how we look after your money. Your Loot card is a Mastercard and is protected by Mastercard rules. Your money is kept in a separate, protected account and is available anytime you need it. We never ever take risks with your money (it doesn’t get invested in anything), and so, your account isn’t covered by the Financial Services Compensation Scheme. This separate, protected account is controlled by Wirecard, the company who issues our Loot cards. In the unlikely event Wirecard becomes insolvent, your money would be protected against any claims made by creditors.”
