Nuke From Orbit, a pioneering UK-based FinTech, has successfully closed a pre-seed funding round, raising a substantial £500,000.
This financial injection comes from a consortium of UK-based investors, including notable figures such as Oliver Bridgen, Co-Founder & COO of Ballinger Group, and Jordan Hallows, founder of Wey Bridging Finance.
Nuke From Orbit stands at the forefront of mobile security, offering a robust solution aimed at protecting financial accounts and personal identifiable information (PII) from the rising threat of mobile theft. In London alone, a smartphone is reported stolen every six minutes, underscoring the critical need for the company’s services. Nuke From Orbit’s innovative approach allows for the instant invalidation of stolen data, effectively cancelling bank cards, securing digital accounts, and blocking the device SIM with a single action.
The company has articulated its intention to use the newly acquired funds to prepare its technology for public beta testing in the UK by late 2024. Additionally, the investment will facilitate the expansion of Nuke From Orbit’s team, enabling the company to bring on board partners from the financial, telecommunications, social media, De-Fi, and other tech sectors. Looking ahead, Nuke From Orbit is setting its sights on global expansion, targeting countries with high smartphone adoption rates, increased crime rates, and a strong presence of modern financial services like Open Banking.
Nuke From Orbit CEO and founder James O’Sullivan expressed his enthusiasm for the investment, stating, “We are thrilled for the support from our investors who believe in our mission to safeguard mobile data. This investment is not just a financial boost, but a propelling force that will catapult us towards expanding our partner base as we gear up to launch our dynamic partner portal.”
Lead investor Oliver Bridgen commented on the investment, highlighting the critical issue of mobile phone theft and its consequences. He remarked on the significance of addressing this challenge and his confidence in Nuke From Orbit’s mission to combat the growing threat of cyber and financial crimes.
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