Bud: Signed three-year deal with HSBC

Bud: The open banking start-up, signed a three-year global deal with HSBC

• The firm laid off 20% of its staff this year despite landing a partnership with First Direct
• It also raising $20 million led by HSBC and Goldman Sachs
• The start-up has worked with HSBC since last year
• The new agreement will also allow HSBC to deploy Bud’s technology in other global markets, including its switching service
• The start-up to hire more tech professionals and bulk out its product and commercial teams
• Founded in 2015, Bud began life as an education platform designed to improve people’s financial wellbeing