Flagright links with Clear Junction to provide BaaS offering


Flagright has partnered with Clear Junction to offer FinTechs with access to banking-as-a-service solutions.

This partnership will also allow these companies to get access to both domestic and international payment rails.

Clear Junction is a global payments solutions provider and is licensed and regulated by the Financial Conduct Authority. The firm has offices in multiple locations across the UK and Europe.

Flagright said, “Through our strategic partnership with Clear Junction, we are able to provide FinTechs with an efficient and cost-effective way to launch their fintech businesses.

“Using Flagright’s Launchpad product, FinTechs can easily navigate the complex financial regulation and compliance world with minimal effort. Our policies, procedures, and templates are tailored for each jurisdiction and license type.

Flagright’s Launchpad process is guided by experts with first-hand experience in implementing and managing fintech compliance & licensing programs at fast-growing fintechs operating at a global scale.

Using Launchpad, FinTechs are provided with license kits that include methodically curated templates of documents needed to obtain desired outcomes.

Clear Junction added, “Our partnership with Flagright is another step in making the process of launching a fintech business a safer journey. With our diverse range of correspondent account services and payment solutions, fintechs can quickly and cost-effectively integrate domestic and cross-border payments into their service offering.

“We look forward to working with Flagright to help empower more fintech entrepreneurs to launch and expand their businesses in a compliant manner and with the right risk management in place.”

Indian cybersecurity startup WhizHack has secured pre-Series A funding up to $3m to boost its valuation to $40m.

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