Kore Labs EIS

Financial organisations manage large and diverse portfolios of products (investments, savings, loans, insurance, etc.) – typically using fragmented systems, manual processes and siloed data.

This complexity and lack of consistent oversight can create regulatory risk, inefficiency and poor customer outcomes. Meanwhile, mounting regulation – particularly, Consumer Duty legislation introduced by the FCA in 2023 – requires UK financial institutions to maintain a full audit trail for the lifecycle of every product and service they offer. It is part of a broader global trend towards increasing regulatory oversight.

This can put financial product providers in a bind. Legacy software is often inadequate to the task – however, non-compliance could lead to significant reputational damage and fines.

Launched in 2020, Kore Labs Ltd (“Kore” or “the Company”) is an award-winning, cloud-based Software-as-a-Service platform designed to tackle this.

Developed specifically for the finance industry, it is used by 14 Tier-1 financial institutions, including NatWest, Lloyds Bank, Italy’s largest bank Intesa Sanpaolo, and two of the top three banks in the Netherlands: Rabobank and ING. Its long-term pipeline includes Barclays, Close Brothers, HSBC, Santander, Mastercard and Standard Chartered.

Kore’s platform brings together product-lifecycle data and workflows in one place – from idea generation through launch, monitoring and retirement – providing consistent data libraries, an audit trail of decisions, better visibility, governance and control. This can help clients reduce risk, accelerate time-to-market, improve product governance and deliver better customer outcomes.

Kore has more than trebled contracted ARR: from £800k in 2023 to £1.7 million in 2024, and management reports it is on track to reach c.£2.8 million in the current budget cycle (i.e the next two quarters). The Company forecasts to sustainably grow to c.£69.1 million contracted ARR and £37.6 million EBITDA by 2030 – not guaranteed.

Wealth Club members first invested in Kore in 2023, with a follow-on round in 2024. Over the past few years, Kore has received several offers of funding from Institutional VCs – but chose to continue to partner with minority investors, including Wealth Club, to retain control as the Company grew. A Series A round is now being planned for 2026 to help the Company pursue the growth opportunities it believes are becoming available.

Kore continued to raise capital from existing investors and a single ultra-high-net-worth strategic investor throughout 2025. The Company now wishes to offer new Wealth Club investors the opportunity to invest, at the prevailing share price of £3.37, before the Series A launches later this year (not guaranteed). The Company is seeking to raise up to £650k.

Based on the Company’s forecasts, target return for this round is approximately 8x before tax relief and net of fees – high risk and not guaranteed. The minimum investment is £20,220 and you can apply online.

Please carefully read all investment documents prepared by the Company, to form your own view.

The Company reports it is currently sufficiently funded until its planned Series A in 2026.

However, an opportunity has emerged to accelerate the Company's plans to grow sales through indirect channels and partnership initiatives. In addition, the chance to hire high-calibre candidates for commercial and AI/emerging-technology roles has presented itself.

These appointments were originally forecast for later in 2026 but bringing them forward could accelerate the company growth plans.

The current private offer, priced at £3.37 per share (the prevailing share price from the last round) – is intended to raise the capital (£650k) to support these appointments. All capital secured this year will reduce the target of the Series A.

Investment will be into Ordinary Shares and is expected to be EIS qualifying – not guaranteed. Kore last issued EIS certificates in February 2025 and there have been no material changes to the nature or structure of the business since. For the full capital table please see Kore’s Investor Presentation.

The new investment will be made under the same structure and fees as the previous investment.

Please note: in 2025, the Company offered investors the opportunity to invest under two Advance Subscription Agreements (ASAs). These arrangements have now been terminated. The terms of the current private offer are in line with the lowest share price of those two ASAs. The offer documents have been updated accordingly. 

Investors will pay no direct initial or ongoing charges to invest. Fundraising costs are being met by the Company. Wealth Club will be entitled to a performance fee on exit.

Wealth Club investors will invest using a nominee structure. This service is provided by Wealth Club’s subsidiary companies Wealth Club Asset Management Limited (authorised and regulated by the FCA) and Wealth Club Nominees Limited. Wealth Club Nominees Ltd will be completing the share subscription documentation on investors’ behalf.

All the services Wealth Club and, where applicable, its subsidiaries provide are governed by the Terms and Conditions of the Wealth Club Services.

This, like all investments available through Wealth Club, is only for experienced investors happy to make their own investment decisions without advice.

This is a single company offer with no diversification. It involves investing in an early-stage, loss-making business, which is by nature high risk and prone to failure. There is a risk that the capital raised may not be sufficient to achieve the Company’s objectives. You could lose all the amount you invest.

There is no ready market for unlisted EIS shares: they are illiquid and hard to sell and value. There will need to be an exit for you to receive a realised return on your investment. Exits are likely to take considerably longer than the three-year minimum EIS holding period; equally, an exit within three years could impact tax relief.

To claim tax relief, you will need an EIS3 certificate, normally issued once shares have been issued. Tax reliefs depend on the company maintaining its EIS-qualifying status. Remember, tax rules can change and benefits depend on circumstances.

Before you invest, please carefully read the Investor Presentation, which contains further details on the considerable risks – alongside the Wealth Club Risks and Commitments.

This financial promotion has been communicated and approved by Wealth Club Ltd on 8 January 2026

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.