FinTech

Prevayl: Raises £7.5M in Funding

Prevayl Raises £7.5M in Funding

  • Prevayl, a Manchester, UK-based intelligent sportswear company, raised £7.5M in funding
  • The round was led by Stonebridge, a digital-first consumer brand investment firm headed by DTC entrepreneur James Cox
  • The company intends to use the funds to expand operations and its development efforts
  • The company is a sports performance brand looking to empower consumers with their own biometric data, bringing together a discreet aesthetic with insight in the same user experience
  • At launch the brand will consist of three distinct elements; the sportswear, the hardware and the app
  • The company has a full time, in-house IP department of five, to protect a growing number of patents
Previous article
Bank of England: Publishes Discussion Paper on New Forms of Digital Money
Next article
Airfocus: Raises $5M in Series A Funding
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Talos and Nasdaq Strengthen On-Chain and Off-Chain Collateral Workflow

New partnership enhances digital asset handling and collateral management.Highlights: Talos and Nasdaq collaborate to streamline collateral workflows.Partnership aims...
FinTech

FCA Restricts Use of Sensitive Data in AI Trial with Palantir

Regulatory concerns arise over data handling protocols in AI trials.Highlights: FCA criticized for using sensitive data in AI...
FinTech

Bank of Ireland Strengthens AI Readiness for Staff Training

New initiatives prepare employees for an AI-driven banking landscape.Highlights: Bank of Ireland launches AI training initiatives for staff.Employees...
FinTech

MAS Develops AI Risk Management Toolkit to Strengthen Financial Sector

New toolkit aims to enhance risk management within Singapore's finance industry.Highlights: MAS launches an AI Risk Management Toolkit...