“Can the AISP-powered accounting layer for UK landlords become the default rails for HMRC Making Tax Digital?”
Founded 2019 by former CTO Manoj Varsani as a landlord-first current account and property finance manager, initially launching with a Prepaid Mastercard current account via Prepaid Financial Services (PFS). Since then Hammock has pivoted toward accounting/bookkeeping SaaS for UK landlords, letting agents and accountants — becoming the first HMRC-recognised MTD (Making Tax Digital) landlord platform. Embedded finance is now limited to Open Banking AIS aggregation (via TrueLayer) rather than the original BaaS/card product, with referral relationships to third-party insurance and mortgage providers.
Hammock discloses Prepaid Financial Services (PFS) as its banking provider, according to the Embedded Finance Index 2026.
Hammock does not disclose a bank charter of its own; its banking services are provided through Prepaid Financial Services (PFS).
Hammock's cards are issued through Prepaid Financial Services (PFS) on the Mastercard network.
Hammock connects to bank accounts through TrueLayer.
Hammock integrates with QuickBooks and Sage.
The Embedded Finance Index 2026 maps 6 layers in Hammock's stack: Banking / BaaS (Prepaid Financial Services (PFS)); Card issuing (Prepaid Financial Services (PFS)); Card network (Mastercard); Lending (Mortgage broker referrals); Open banking (TrueLayer); Accounting (QuickBooks and Sage).
Hammock was founded by Manoj Varsani and is founded in 2019, headquartered in Manchester, United Kingdom.
Hammock has raised £1M+ (seed disclosed) in total (latest round: Seed, 2020).
Get a read on where your own stack stands against Hammock and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.