Global law firm White & Case LLP has advised open banking platform Bud Financial Limited (Bud) on its series B fundraising round.
"Our team helped long-standing client Bud navigate this strategic investment, which will support Bud as it moves into the next phase of its expansion," said White & Case partner Mike Weir, who led the Firm's deal team. "Our role advising on the fundraising highlights White & Case's experience working with fast growing fintech companies."
Funding was primarily provided by leading sponsor TDR Capital.
Bud operates as an open banking platform that enables banks to access data from other financial services provider to gain a single overview of a customer. Bud's platform covers 96.5 percent of current accounts in the UK and 88 percent of all accounts including savings, BCA, PCA, and credit cards.
The White & Case team in London that advised on the transaction was led by partner Mike Weir, with support from associates Helen Pantelides and Marta Zieba.
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