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Bud: Signed three-year deal with HSBC

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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

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