Biz Stone takes the lead at London fintech R8 after reshaping Twitter

R8 Limited Raises Over $5 Million in a Star‑Studded Fundraising Round

UK FinTech powerhouse R8 Limited (R8) has just closed an oversubscribed raise, pulling in more than $5 million from a mix of seasoned investors and the company’s own backers. The fresh cash is set to fuel expansion, strengthen subsidiaries, and possibly kick off a London Stock Exchange IPO next year.

Who’s Backing R8?

Jonathan Rowland – Co‑founder of Redwood Bank and the current driving force behind R8.
New FinTech Minds – A cohort of high‑growth investors who have championed tech disruptors.
Twitter co‑founder Biz Stone – Now a non‑executive director and a silent investor.

These folks are all co‑confident that R8 is charting the future of finance.

What the Money Will Do

The capital is earmarked for:

Expanding R8’s global footprint
Boosting its subsidiary ventures – like Mode and JGOO
Preparing for a London Stock Exchange listing (targeted for July)

About R8 and Its Roots

R8 spun off from Redwood Bank Group in 2017 and now offers cutting‑edge services for the decentralised economy. Redwood Bank was, back in the day, London’s very first 100% “born‑in‑the‑cloud” bank, built entirely on Microsoft Azure.

“The FinTech landscape is evolving at lightning speed,” says Rowland. “We need a robust ecosystem that marries traditional and digital finance to serve every asset holder.”

Subsidiaries Worth a Look

Mode – A next‑gen platform merging conventional banking with tokenized assets, aiming for regulated status in the UK.
JGOO – A mobile payments hub connecting UK brands to the booming Chinese market, bringing shoppers and tourists from both sides together.

Biz Stone’s Take

“I’m excited about R8’s mission to build the financial services of tomorrow,” says Stone. “They’ve got big ambitions, and I’m thrilled to help them push the envelope.”