Virgin Money inks deal with Redspire to support growth of its digital offering

Virgin Money signed a new strategic FinTech partnership with Glasgow-based Redspire to support the development of its digital proposition for its new business current account.

The Virgin Money business current accounts provide SMEs a financial wellness tracker to better keep track of their finances.

“Following our successful application to the BCR Capability and Innovation Fund, we have been moving forward with Virgin Money Business, which will be ready for launch early in 2021,” said Gavin Opperman, group business director at Virgin Money.

“Collaboration is key to our success and I am pleased to welcome Respire onto our extended team. We have a strong relationship with Redspire and place great value on their agility and ability to respond to our needs. I look forward to working with them as we continue to build our Working Capital Health proposition.”

Billy Lyle, CEO at Redspire and engagement lead with Virgin Money, added, “We’re delighted to be announced as Virgin Money’s technology partner, alongside our own partners at Microsoft. It’s been a year like no other for all businesses in the UK, but Virgin Money have shown real adaptability and resilience, as well as commitment to delivering for their customer base.

“Years’ worth of digital transformation has taken place in months rather than in years in 2020. My team is excited to continue to drive meaningful change with the limitless power of the Microsoft stack.”

Andrew Falconer, programme sponsor at Virgin Money, continued, “Redspire typify the kind of business we aim to partner with. Focussed entirely on the customer, they bring creativity and imagination to the development of solutions, and have shown an enormous degree of flexibility and commitment to supporting Virgin Money change the landscape for SME banking in the UK.”

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