“Can a single cloud platform give UK credit unions and community lenders the full digital banking stack — payments, open banking, lending marketplace — to compete with challenger banks?”
incuto was conceived as a 'fintech for good' platform to digitise UK credit unions and community lenders, who had historically been locked out of modern banking infrastructure. The company initially focused on back-office automation, member communications, and loan management, then expanded into embedded payments by partnering with ClearBank to deliver Faster Payments and virtual accounts — effectively positioning credit unions to compete with challenger banks. The addition of open banking (via Experian) and a loan marketplace connecting lenders to price comparison sites extended the platform from operational SaaS into a multi-product embedded finance stack for the credit union sector.
incuto discloses ClearBank as its banking provider, according to the Embedded Finance Index 2026.
incuto does not disclose a bank charter of its own; its banking services are provided through ClearBank.
incuto moves money over Faster Payments.
incuto connects to bank accounts through Experian.
The Embedded Finance Index 2026 maps 4 layers in incuto's stack: Money movement (Faster Payments); Banking / BaaS (ClearBank); Lending (Loan Services (back-office loan management for credit unions), Loan Marketplace (connections to price comparison sites: Monevo, Choose Wisely) and Automated loan decisioning with credit bureau and open banking data); Open banking (Experian).
incuto was founded by Andrew Rabbitt and John Newsham and is headquartered in Ilkley, West Yorkshire, United Kingdom.
incuto has raised £1.75m (disclosed round) in total (latest round: Equity round (NPIF – Mercia Equity Finance + Future Fund + Ascension Ventures' Fair By Design Fund + North East Innovation Fund)).
Get a read on where your own stack stands against incuto 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.