4th December 2018
Nish Kapoor and the commercial property team at Mundays LLP are proud to have been able to advise a leading fintech startup, TrueLayer, to secure new premises from which to continue their successful and fast moving growth plans. On advising TrueLayer secure the leases of the 2nd and 3rd floors of 1 Hardwick Street Nish Kapoor said “I’m thrilled to have been able to help TrueLayer with the next stage in their growth. They are making big waves in the fintech world and it’s very rewarding to work with such an ambitious and forward thinking team.”
1 Hardwick Street, situated just minutes away from the “eclectic” Exmouth Market in Clerkenwell, is a striking former warehouse, extended and refurbished to provide contemporary office accommodation owned by Janus Henderson. Shefali Roy, COO of TrueLayer said of the move “it’s an exciting move for TrueLayer signalling our growth and achievements in the market over the last two years. Working with Nish and his team was great. They were exceptionally responsive, detailed in their review but whilst keeping a firm grip on the commercial aspects of the transaction. I would not hesitate to recommend their services and look forward to working with them again.”
TrueLayer have found their success by supporting other fintech startups to access banking data which has recently resulted in TrueLayer securing $7.5 million in funding. They have big plans for 2019 looking to help more startups harness the power of open banking and utilise opportunities to enter new European markets and have been named in the Top 5 Fintech Startups to Watch in 2019 by Finextra alongside the likes of Monzo, Trussle, Circle, and Receipt Bank.
This deal reflects Mundays’ strength in working with ambitious fast growth startups, particularly in the tech sector, and their expertise in working to gain effective lease agreements for clients on office, retail and other commercial premises.
Janus Henderson were advised by WLG Gowling and Anton Page.
The contents of this update are intended as guidance for readers. It can be no substitute for specific advice. Consequently we cannot accept responsibility for this information, errors or matters affected by subsequent changes in the law, or the content of any website referred to in this update. © Mundays LLP 2018.
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