UK challenger bank Chetwood quietly lands another £10m

Chetwood Financial, a Welsh challenger bank aiming to disrupt the UK, has landed a further £10 million from long-time backer Elliott – a New York-based hedge fund.

The fintech, headed up by former HSBC banker, Andy Mielczarek, landed its full banking licence in 2018 – the only retail bank to do so that year.

Read more: FinTech Futures