Bank of London

Wholesale Bankingbankoflondon.com

Company typePrivate
Founded2018
HeadquartersCity Of London, United Kingdom
Headcount51–100
GTM typeB2B
OfferingServices

Bank of London firmographics

Firmographics

Name: Bank of London
Legal name: The Bank of London Group Limited
Website: https://bankoflondon.com
Company type: Private
Founded year: 2018
Operating status: Operating
Headcount range: 51–100 employees
Ownership category
akta.pro rank

Bank of London industry classification

Industry

Product category: Wholesale Banking
NAICS: Commercial Banking (522110)
SIC: National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)
akta.pro primary industry: BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

Keywords

Wholesale banking services
Payment scheme access
Banking-as-a-service
Client money safeguarding
Clearing bank infrastructure

Where Bank of London is headquartered

Location

Headquarters

HQ city: City Of London
HQ country: United Kingdom
HQ region: Europe

Offices1 record

Markets served

Bank of London business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Technology or R&D, Operations, Others, Marketing or Sales, Infrastructure

Revenue model

Banking and Account Services: Revenue generated from providing various account types including operating accounts, deposit accounts, safeguarding accounts, CASS accounts, trust accounts, and virtual accounts with associated account management fees.
Payment Processing and Clearing: Fees from processing payments across Faster Payments (up to £1m per transaction), Bacs (up to £20m), and CHAPS (unlimited value) payment schemes with settlement at Bank of England.
Agency Banking and Sort Code Sponsorship: Revenue from sponsoring institutions into UK payment schemes, providing sort code access, and managing scheme compliance on behalf of clients.
Deposit Taking: Interest income from deposits held at the Bank of England, with FSCS protection for eligible deposits.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Bank of London product offering

Product offering

Core offering

Bank of London is a PRA-authorised wholesale bank delivering cloud-native, API-first banking infrastructure to UK-regulated businesses. It offers a portfolio of specialised business accounts (Operating, Deposit, Safeguarding, CASS, Trust, General Client Funds, and Virtual) and provides direct connectivity to UK payment schemes — Faster Payments, Bacs, and CHAPS — with 100% of client deposits held at the Bank of England. Clients access the platform through a Developer Studio API, the Online Banking Portal, or dedicated relationship managers, with Agency Banking and sort code sponsorship available to institutions that need scheme membership without direct access.

Product overview

Bank of London is a cloud-native wholesale banking platform providing a unified portfolio of account structures, payment rails, and clearing services through API-first infrastructure. The core offering centers on specialized business accounts (Operating, Deposit, Safeguarding, CASS, Trust, General Client Funds, and Virtual Accounts) designed for regulated client money management, combined with direct access to UK payment schemes (Faster Payments, Bacs, CHAPS) and Agency Banking sponsorship. All client deposits are held 100% at the Bank of England with FSCS protection. The Developer Studio platform provides API access enabling businesses to integrate banking services into their own systems, while the Online Banking Portal offers no-code access to the full product suite. The architecture separates core banking infrastructure from payment capabilities, allowing clients to choose between API integration or portal-based access.

Differentiator

Problem solved

Functional benefit

Products and services

Operating Account Business operating account providing 24/7 access to funds for everyday banking needs including cash management, supplier payments, and payroll processing with financial controls. Designed for UK businesses and regulated entities.
Easy Access and Deposit Account Deposit account for businesses managing surplus liquidity, offering interest with FSCS protection. All deposits are held at the Bank of England.
Safeguarding Account FCA-compliant safeguarding account solution for payment institutions and e-money firms, ensuring customer funds are securely held and fully segregated to meet regulatory requirements.
CASS Account Account solution designed for CASS-regulated firms (brokers, solicitors, insurers, asset/wealth managers) to meet FCA CASS7 requirements for keeping client money separate from operational funds.
Trust Account Account designed for holding funds on behalf of and for the benefit of customers under trust arrangements.
General Client Funds Account Account designed to segregate customer funds from operational funds, providing compliant client-money handling for regulated entities.
Virtual Account Virtual sub-accounts to a physical bank account (Header Account) maintained in the Bank's ledger, enabling granular control over incoming and outgoing flows for reconciliation purposes.
Faster Payments UK payment scheme enabling send and receive up to £1m per transaction in near real-time 24/7/365, supporting immediate, standing-order and future-date payments. Access via Developer Studio API or Online Banking Portal.
Bacs Payments UK payment scheme for processing Direct Debit and Direct Credit payments up to £20m with funds settling on a 3-working-day cycle (Monday to Friday). Accessible via API or Online Banking Portal.
CHAPS Payments UK high-value payment scheme enabling unlimited value transactions in near real-time with same-working day settlement, Monday to Friday. Accessible via API or Online Banking Portal.
Agency Banking Sort code sponsorship service enabling financial institutions to access Faster Payments and Bacs without direct scheme membership, maintaining their own payment identity and brand while Bank of London handles clearing and compliance.
Developer Studio Cloud-native developer portal providing API access to banking services including accounts, payments, and clearing functionality, with a sandbox environment for testing and integration.
Online Banking Portal No-code web interface providing access to the full suite of banking products, services, and payment capabilities without requiring API integration.

Companies that use Bank of London

Customer profile

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Bank of London technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Bank of London partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core.

Bank of EnglandcoreOthersAs a PRA-authorised bank and Directly Connected Settlement Participant, Bank of London maintains direct settlement relationships with the Bank of England. All client deposits are held 100% at the Bank of England, providing the highest level of security and FSCS protection.
Faster Payments SchemecoreOthersBank of London is a Directly Connected Settlement Participant (DCSP) of the Faster Payments scheme, enabling real-time payments up to £1m per transaction 24/7/365.
BacscoreOthersDirectly Connected Settlement Participant of Bacs scheme enabling Direct Debit and Direct Credit payments up to £20m with 3-working-day settlement cycle.
CHAPScoreOthersDirect access to CHAPS for high-value transfers with unlimited value transactions and same-working day settlement.
Financial Conduct Authority (FCA)coreOthersBank authorised and regulated by the FCA for financial services operations, including FCA safeguarding requirements for client money segregation.
Financial Services Compensation Scheme (FSCS)coreOthersFSCS provides independent deposit guarantee protection for eligible deposits with Bank of London as an authorised bank.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Bank of London competitors and assessment

Company assessment

Direct peers

ClearBank: ClearBank is a UK-based clearing bank offering real-time payment infrastructure and agency/sponsor banking services to fintechs and banks. It is the closest direct competitor to Bank of London's clearing, agency and CASS/safeguarding proposition, competing head-to-head for the same fintech client base.
Griffin: Griffin is a UK BaaS bank (Bank of England-regulated) providing API-first banking infrastructure, sort code sponsorship and embedded accounts for fintechs. It targets the same developer-led, API-first segment as Bank of London's Developer Studio proposition.
Modulr: Modulr is a UK Payments Initiation and Account Information Service provider with agency banking arrangements, offering payment rails and accounts to fintechs and corporates. It competes with Bank of London in embedded payments and safeguarding for fintech clients.

Broad incumbents

Starling Bank: Starling is a UK clearing bank serving SMEs and offering Banking-as-a-Service. While it has a direct banking franchise, its BaaS arm competes with Bank of London for embedded banking mandates from fintechs.
Revolut: Revolut is a UK-licensed digital bank with a Banking-as-a-Service offering (Revolut Business / Revolut Pay) targeting fintechs and corporates. It is a broad incumbent in the embedded banking space and a credible long-term threat to sponsor-bank economics.
Wise: Wise operates its own UK payment infrastructure and offers multi-currency accounts to consumers and businesses. While primarily a consumer remittance/Payments business, it is increasingly relevant as a comparable UK fintech operating its own banking-grade infrastructure.
Lloyds Banking Group: Lloyds is a major UK commercial bank offering correspondent banking, safeguarding and corporate banking services. It represents the incumbent universe Bank of London competes against for corporate and intermediary banking relationships.
NatWest: NatWest is a major UK commercial bank with established commercial banking, payments and client money services. It competes with Bank of London in the wholesale, intermediary and fintech banking segments.
HSBC: HSBC operates global transaction banking, correspondent banking and payment services. It competes with Bank of London for cross-border payment, agency banking and fintech banking mandates.

Emerging players

TrueLayer: TrueLayer is a UK open-banking payments platform that processes account-to-account payments for fintechs and merchants. It is an emerging player in UK payment infrastructure and intersects with Bank of London's Faster Payments and account services offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Bank of London financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Bank of London leadership team

Management profile

Number of profiles

Profiles15 records

Bank of London funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Bank of London M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of London

What does Bank of London do?

Is Bank of London a public or private company?

Bank of London is a private company. It is classified as venture growth investor backed and is currently operating.

When was Bank of London founded?

Bank of London was founded in 2018. It employs 51 to 100 people.

Where is Bank of London based?

Bank of London is headquartered in City Of London, United Kingdom, in the Europe region.

How does Bank of London make money?

Four revenue lines are on record. Banking and Account Services are the primary driver. The others are payment Processing and Clearing, agency Banking and Sort Code Sponsorship and deposit Taking.

Who are Bank of London's main competitors?

Direct peers on record are ClearBank, Griffin and Modulr. Broad incumbents are Starling Bank, Revolut, Wise, Lloyds Banking Group, NatWest and HSBC. TrueLayer is listed as an emerging player.

Does Bank of London have an API?

Yes. Bank of London provides a cloud-native banking API enabling direct access to payment services, account management, and clearing functionality. Developers can integrate via the Client API and Sandbox environment. The API supports payment initiation operations including Faster Payments (up to £1m per transaction, 24/7/365), Bacs payments (up to £20m, 3-day settlement), and CHAPS transactions (unlimited value, same-day settlement). Real-time account access and transaction management is available via API or Online Banking portal. Developer documentation is at developer.bankoflondon.com/apis/the-bank-of-london-api#/operations/GetAccounts.

What industry is Bank of London in?

Bank of London's product category is Wholesale Banking. Its primary akta.pro industry code is FSAGALAA, BaaS Platforms & Sponsor Bank Enablement. Its NAICS code is 522110 and its SIC code is 6021.