Noggin HQ

Noggin HQ, a Newcastle-based fintech, has raised £2.3 million in an oversubscribed seed round to scale its alternative credit scoring technology.

Summary of transaction details:

• Value: £2.3 million
• Sector: Fintech
• Advisor: N/A
• Key Entities: Noggin HQ (Target), Blackfinch Ventures (Lead Investor), Oxford Capital, Bethnal Green Ventures, Alastair Douglas (Angel)
• Location: Newcastle, UK

Note: The funding will support Noggin's transition from pilot programmes to wider market adoption, enabling the business to roll out its technology to more FCA-authorised lenders and establish its cashflow-based data within mainstream credit decision-making.