# Teal: Financial services, London, United Kingdom

> Teal: Teal is a London-based financial technology company that specializes in income verification infrastructure through a unified API.

Source: https://millionrounds.com/startup/teal-3 (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Financial services startup](https://millionrounds.com/companies)

# Teal

Teal is a London-based financial technology company that specializes in income verification infrastructure through a unified API.

Funding reported Last round: Seed

Financial services London, United Kingdom

Company summary

- **Founded:** 2023 3 years old
- **Team:** 7 1 to 10 people
- **Funding reported:** 1.9M as listed, currency not stated
- **Last round:** Seed Jun 2025

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Teal has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Teal

Teal is a London-based financial technology company that specializes in income verification infrastructure through a unified API.

The company provides a modern solution for lenders, letting agents, and risk teams to verify income and employment data in real time by connecting directly to payroll and HR systems. This approach enhances efficiency by reducing manual document handling, lowering fraud risk, and speeding up underwriting and affordability decisions. Teal's core offering is its single API for income and employment verification, which supports instant verification, faster checks, and compliance with regulatory requirements. The platform can handle verification requests through direct payroll connections, user-authorized logins, and document scanning, improving match rates across various workflows. Teal targets financial services organizations, including banks, mortgage providers, and insurers, that require reliable income and employment data for informed decision-making.

## What company datasets say Teal raised

Funding, as reported

Reported in all **1.9M** in the source's currency

Last round **Seed**

Last round size **1.9M**

Last round date **Jun 2025**

## On a portfolio page

Investors who name them

- [Avonmore Developments](https://millionrounds.com/fund/avonmore-developments)

Each firm lists Teal on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Built with from their website

Google Workspace AI TransferWise Amazon Route 53 Ansible Terraform Amazon AWS Python Kotlin Gmail

- **Sector:** Financial services
- **Industry code:** NAICS 51321, 51821, SIC 7372, 7374
- **Region:** England

## Financial services in United Kingdom

Startups like it

- [**Atom bank** Newcastle upon Tyne · founded 2014 *Raised*](https://millionrounds.com/company/atom-bank)
- [**Rapyd Financial Network** Startup *Raised*](https://millionrounds.com/company/rapyd-financial-network)
- [**Stenn** London · founded 2015 *Raised*](https://millionrounds.com/company/stenn)
- [**Paymentology** London · founded 2015 *Raised*](https://millionrounds.com/company/paymentology)
- [**9fin** London · founded 2016 *Raised*](https://millionrounds.com/company/9fin)
- [**Elliptic** London · founded 2013 *Raised*](https://millionrounds.com/company/elliptic)
- [**Fnality** London · founded 2019 *Raised*](https://millionrounds.com/company/fnality)
- [**Nutmeg** London · founded 2012 *Raised*](https://millionrounds.com/company/nutmeg)

## Is this your company?

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