About Flagstone

Flagstone is a cash deposit marketplace that aggregates savings accounts from over 60 UK banks, allowing users to manage multiple accounts with a single application and password. The platform maximizes interest rates and ensures FSCS protection on eligible deposits, addressing the challenge of fragmented savings management and suboptimal interest earnings.

```xml <problem> Managing cash deposits across multiple banks to maximize interest earnings and ensure deposit protection is complex and time-consuming. Savers often struggle to keep track of numerous accounts, passwords, and varying interest rates, leading to suboptimal returns and increased administrative burden. </problem> <solution> Flagstone provides a cash deposit marketplace that aggregates savings accounts from numerous UK banks into a single platform, simplifying cash management and maximizing interest earnings. Users can access a wide range of savings accounts, including exclusive rates, and manage their entire savings portfolio with a single application and password. The platform ensures that eligible deposits benefit from Financial Services Compensation Scheme (FSCS) protection, mitigating risk while optimizing returns. By streamlining the process of opening, funding, and managing multiple savings accounts, Flagstone empowers users to protect and grow their cash efficiently. </solution> <features> - Access to hundreds of savings accounts from a wide range of UK banks, including exclusive rates not available elsewhere. - Single application and password for managing all savings accounts within the platform. - Automated monitoring of interest rates to ensure optimal returns on cash deposits. - FSCS protection on eligible deposits up to £85,000 per client, per banking group. - Cash deposit calculator to estimate potential interest earnings and optimize deposit allocation. - Secure platform with industry-leading Transport Layer Security (TLS) to protect user data. - Holding account for secure and convenient funding of savings accounts. </features> <target_audience> Flagstone primarily targets individuals, businesses, charities, and trusts in the UK seeking to maximize interest earnings on cash deposits while ensuring FSCS protection and simplifying account management. </target_audience> <revenue_model> Flagstone receives a small share of the interest from each savings account opened through the platform, which is deducted before the rate is displayed to the user, as well as interest earned on cash held in the holding account. </revenue_model> ```

What does Flagstone do?

Where is Flagstone located?

Flagstone is based in London, United Kingdom.

When was Flagstone founded?

Flagstone was founded in 2013.

Location

London, United Kingdom

Founded

2013

Employees

303 employees

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Flagstone

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Executive Summary

flagstoneim.com 10K+

Founded 2013 – London, United Kingdom

Funding

No funding information available.

Team (250+)

No team information available.

Company Description

Problem

Managing cash deposits across multiple banks to maximize interest earnings and ensure deposit protection is complex and time-consuming. Savers often struggle to keep track of numerous accounts, passwords, and varying interest rates, leading to suboptimal returns and increased administrative burden.

Solution

Flagstone provides a cash deposit marketplace that aggregates savings accounts from numerous UK banks into a single platform, simplifying cash management and maximizing interest earnings. Users can access a wide range of savings accounts, including exclusive rates, and manage their entire savings portfolio with a single application and password. The platform ensures that eligible deposits benefit from Financial Services Compensation Scheme (FSCS) protection, mitigating risk while optimizing returns. By streamlining the process of opening, funding, and managing multiple savings accounts, Flagstone empowers users to protect and grow their cash efficiently.

Features

Access to hundreds of savings accounts from a wide range of UK banks, including exclusive rates not available elsewhere.

Single application and password for managing all savings accounts within the platform.

Automated monitoring of interest rates to ensure optimal returns on cash deposits.

FSCS protection on eligible deposits up to £85,000 per client, per banking group.

Cash deposit calculator to estimate potential interest earnings and optimize deposit allocation.

Secure platform with industry-leading Transport Layer Security (TLS) to protect user data.

Holding account for secure and convenient funding of savings accounts.

Target Audience

Flagstone primarily targets individuals, businesses, charities, and trusts in the UK seeking to maximize interest earnings on cash deposits while ensuring FSCS protection and simplifying account management.

Revenue Model

Flagstone receives a small share of the interest from each savings account opened through the platform, which is deducted before the rate is displayed to the user, as well as interest earned on cash held in the holding account.