Nuke From Orbit, a FinTech start-up based in the UK, has raised £500,000 in a pre-seed round to take its product to market. The start-up, which aims to revolutionise mobile security, attracted leading investors with its innovative approach to protecting financial accounts and personal identifiable information (PII).
The funding comes from several UK-based companies and investors, including Oliver Bridgen, Co-founder and COO of specialist FX broker, Ballinger Group, and Jordan Hallows, Founder of Wey Bridging Finance.
Mobile phone theft is increasing, with one reported stolen every six minutes in London. With smartphones increasingly used to run people’s lives, having a phone stolen is no longer just about replacing a handset; there is critical, valuable data stored on it. If criminals access it, the potential financial and reputational damage can be significant. Nuke From Orbit was founded to tackle this rising problem by providing the instant invalidation of stolen data.