From cash deposits to everyday rewards: London-based Stoa raises €2.1 million

UK FinTech startup Stoa has raised €2.1 million ($2.4 million) in pre-Seed funding to accelerate the growth of its cash management platform, which enables consumers and businesses to unlock upfront lifestyle and business value from idle cash deposits.

The round was co-led by Bespokeist Partners and Ingenii Capital, with participation from Force Over Mass Capital and Fuel Ventures, alongside senior financial services angels including Suneel Hargunani, formerly of Citi, and Rachel Sestini, partner at Shaw Gibbs group and co-founder of Canopy Capital. “The future of cash management is not just about interest rates,” says Mike Saraswat, co-founder and CEO of Stoa. “People want choice, tangible value, and a clearer sense of how their money is working for them.

Stoa is creating a new experience around idle cash, one that rewards customers upfront while keeping eligible deposits protected through regulated banking infrastructure. For financial institutions, Stoa helps attract larger deposits for longer. For merchants, it helps reduce churn, deepen customer loyalty, and lower reliance on card processing fees.”

Stoa’s pre-Seed round comes amid continued 2026 funding activity in European FinTech infrastructure, particularly across payments, treasury, SME banking and finance automation. EU-Startups has reported at least €380 million across relevant comparable rounds this year, including UK-based raises from Round Treasury, MillTech, Allica Bank, wamo, Primer, Bound and Firenze, alongside continental European activity from Silverflow, paymove, finperks, Smartwage and Festina Finance. Several of the closest comparables are also UK-based, indicating domestic investor activity around business banking, cash and treasury workflows, payment rails and financial operating systems.

Including Stoa’s round, the selected funding total reaches approximately €382.4 million, with capital moving towards platforms that help consumers, SMEs and financial institutions manage money, payments, depo