R8, a UK-based fintech startup, has appointed Twitter founder Biz Stone to its board as it prepares to list on the London Stock Exchange. Founded in 2015 by a collective of entrepreneurs, technologists, and bankers, R8’s goal is to promote its vision o banking of the future. It is building modern financial services needed to support the growing decentralize economy.
“Backed by experienced and credible investors around the world, r8 Group’s vision is to create a next-gen ecosystem for tomorrow’s decentralised economy. Our goal is to offer trusted, reliable and secure services that customers of all walks can rely on for their everyday banking.”
According to The Telegraph, Stone will invest as part of 4 million of new funding into the fintech. Jonathan Rowland, Chairman and Founder of R8, stated:
“The fintech landscape is innovating at pace, and we need to develop a robust enough financial ecosystem to bring the full scope of banking and financial services to holders of both traditional and digital assets.”
Rowland went on to add:
“We are delighted to have raised this investment and are thrilled to bring Biz Stone on board as we begin to further develop our vision.”
Stone previously joined photo-friendly smartphone app STAND’s board as a chairman. In 2017, he returned to Twitter. He is also the Co-founder of Jelly Industries.