Tech Nation reveals participants for its Fintech 4.0 programme
by Startacus Admin
The lowdown on the innovative companies that have been selected as the latest cohort of FinTech, Tech Nation’s sector-specific growth programme for fintech entrepreneurs.
We’ve heard lots of good news recently from the Tech Nation team with details of the cohorts taking part in their Net Zero programme for climate tech companies, their Future Fifty programme for late stage tech companies, their Applied AI programme for AI tech companies and their Libra programme to support black and multiracial founders.
And now, Tech Nation’s commitment in supporting tech scaleups continues with the announcement of the 30 companies who have been accepted into Fintech 4.0 - their sector-specific growth programme for fintech entrepreneurs.
The companies that have been accepted into the newest Fintech cohort are working to transform all areas of the finance sector; from insurance and investment, to blockchain and digital assets. They have also raised more funds than any previous cohort, with a collective total raise of £128.1mn, and over 70% of them are revenue-generating already.
Over the course of the six-month government-backed programme, the participating fintechs will have access to networking events with key stakeholders, peer-to-peer meetups, and insights sessions delivered by established fintech entrepreneurs, investors and partners, providing them with all the tools and knowledge they need to scale.
Katja Palovaara, Fintech Programme Lead at Tech Nation, said: “We are delighted to welcome these 30 inspiring fintech companies to the Fintech 4.0 cohort. As the UK’s flourishing fintech sector continues to drive more investment than ever before, our fintech companies are not just disrupting traditional financial sectors; they are working alongside them to ensure that everyone has the tools and knowledge they need to succeed financially. Many of these fintechs are not only focussed on helping people earn more and invest better, but on making the world a better and fairer place. We can’t wait to see what they do next.”
And those 30 inspiring fintech companies are:
Accelex is a London-based company that has created a data acquisition, analytics and reporting solution for investors and asset servicers.
BehaviourLab - a London-based platform that provides an end-to-end solution to improve decision making, enhance performance and drive transparency for all involved.
BondAval - a London-based company with a solution which gives businesses access to institutional-grade trade finance solutions by utilising big data, machine learning components and deep surety and credit underwriting expertise in a proprietary technology stack.
Bunk - a Bristol-based platform which transforms the entire rental process with a SaaS tool for leasing, marketing and management.
Cardeo - a Luton-based company which helps credit card holders manage their cards better and save money.
DirectID is an Edinburgh-based global credit risk platform that is redefining the industry for both lenders and their consumers by leveraging customer's real-time bank data.
Ecospend is an FCA-authorised fintech from London that provides full stack open finance solutions for payments (PISP) and data (AISP).
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Funderbeam - a London-based global fundraising and trading platform.
Griffin Financial Technology - a London-based company that is creating a bank to be built on: a full-stack banking-as-a-service platform for companies that want to offer their own financial services.
Hammock Financial Services is a London-based company which saves landlords time and money by allowing them to manage all their property finances in one place and move away from spreadsheets and paper notes.
KASKO - a London-based platform that enables insurers, brokers and managing general agents to design, build and distribute digital insurance services though any channel
loyalBe -a Belfast-based company which helps brands to attract and retain customers through targeted and personalised offers and loyalty programs.
MortgageKart - a Macclesfield-based company which is aiming to become a mortgage technology provider with an in-house brokerage.
MyPocketSkill - a Brighton-based company whose vision is to create a financially-empowered Gen Z.
Nu-Credits - a trade finance marketplace based in London which connects SMEs with global lenders, backed by blockchain.
Nuggets - a London-based decentralised, self-sovereign identity and payment platform.
Ordo - a Newbury-based business which has developed an open banking-enabled payments-as-a-service platform.
ScribeStar Ltd - a London-based digital platform which allows companies to raise money quicker, cheaper and at lower risk.
Supercede Technology Ltd - a Telford-based company which is building a global ecosystem set to transform the reinsurance industry.
SUPERHOG is a a digital trust tech solution based in Winchester aimed at short-term rentals using technology, data and embedded insurance to eliminate risk from bookings.
Symmetrical.ai - a London-based company which builds payroll-as-a-service API solutions that enables customers to embed international payroll and hiring in any software platform in a few lines of code.
Tillit - a London-based company that aims to empower everyone to invest long-term with confidence, conviction and ease.
Tymit is a London-based company which is reinventing the credit card by making it flexible, safe and honest, for better financial health and peace of mind.
VALK - a London-based company which takes private market deals that are manual, slow and fragmented and puts them onto one digital platform.
Weavr - a cloud-based platform based in London that makes it easy for digital businesses to embed financial services into their applications, and safe for financial institutions to offer embeddable financial services.
WhisperClaim is a cloud-based application based in Edinburgh that allows accountants to build R&D tax claims quickly and easily.
Wombat Invest is a mobile-first thematic micro-investment platform based in London. I
Ziglu - a London-based personal money app that brings the challenger bank experience to cryptocurrency.
Yoello - a Cardiff-based fintech company that aims to disrupt the existing payment system by utilising open banking legislation to cut out the middlemen, and in turn, bring merchants and customers closer together.
Zumo - an Edinburgh-based decentralised financial platform that brings the benefits of blockchain and crypto to people everywhere.
Good luck to each and every one!
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Published on: 5th October 2021
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