FinTech startup Stoa has raised £1.8 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, Rachel Sestini, partner at Shaw Gibbs group and co-founder of Canopy Capital, and other leaders from major global institutions.