Mutual Vision has secured significant investment from Big Ideas Group (BIG), a London-based multi-family office focused on backing fintech start-ups and growth companies.
The investment will support Mutual Vision in introducing new technologies to its platform and accelerating its product roadmap.
The partnership with BIG will enable Mutual Vision to enhance its role as a strategic partner for community-focused financial institutions.
This support aims to empower banks, building societies, and mutuals to remain competitive with mainstream financial institutions.
Tim Bowen (pictured), CEO of Mutual Vision, said: “This investment is an incredibly powerful endorsement of our mission to serve our customers and shows our commitment to delivering purpose-driven solutions that keep organisations at the heart of the financial sector.
“BIG brings not only financial backing but also a deep understanding of our values and vision.
“Together, we’re entering a transformative period, one where Mutual Vision can fully realise its potential as a fintech leader for banks, building societies, and co-operatives, supporting them in their journey to offer democratic, community-centric finance in the digital age while preserving their commitment to mutuality and community impact.”
Sebastian Gray, principal partner at Big Ideas Group, said: “Mutual Vision stands out as a unique player in the fintech landscape, with a mission that deeply aligns with BIG’s own values.
“Our goal is to help it deliver technology that not only strengthens mutuals but reinforces their position as the beating heart of local finance in communities across the UK.
“The mutual is a strong and treasured part of UK financial services history and we believe it can be an even bigger part of its future.”
Tracie Pearce, CEO of Harpenden Building Society, said: “As a founding member of Mutual Vision, Harpenden Building Society remains fully committed to MV’s vision and long-term success.
“This investment strengthens MV’s foundation, giving it the resources and independence needed to drive innovation while remaining deeply aligned with the needs of community-focused financial institutions like ours.
“By evolving our role as a vested partner, Harpenden and other founding members can actively support MV’s mission while enabling it to operate with enhanced agility and focus.
Pearce added: “The team at Harpenden is enthusiastic about the opportunities this partnership with BIG creates, both for MV and for the broader mutual sector.
“We’re confident that this investment will allow MV to accelerate the development of next generation digital tools that will help building societies and mutuals thrive in an increasingly digital landscape.”
