A North East cash management firm set up by the founders of start-up bank GB Bank has secured a six-figure deal to fuel the next stage of its development.
Cascade Cash Management is the UK’s first cloud-based savings platform and provides savers with direct access to all accounts and all providers on the market. The Wallsend company’s savings service generates enhanced cash returns and protection through professional cash management.
It has already managed more than £1bn of customer assets, with over £200m currently under its administration, and has a network of over 3,500 financial advisers across the UK that are using its platform. Now Cascade – founded in 2015 by Dr Emma Black and her brother and business partner Stephen – has worked with regional fund management firm NEL Fund Managers to bring in the £150,000 North East Growth Capital Fund investment.
