Keel unveils fintech infrastructure business after pivot from neobank

Manchester-based Keel has emerged from stealth after reaching profitability and establishing a growing client base for its Banking-as-a-Service (BaaS) platform across multiple fintech markets. Originally founded in 2019 as consumer neobank Frost, the company combined digital banking services with energy-switching tools and grew its user base to more than 18,000 customers. Following changes in market conditions, the business later shifted its focus toward fintech infrastructure, building on the t