{"id":90007,"date":"2019-09-27T12:17:47","date_gmt":"2019-09-27T12:17:47","guid":{"rendered":"http:\/\/dominiclevent.com\/blog\/?p=90007"},"modified":"2019-10-01T15:25:23","modified_gmt":"2019-10-01T15:25:23","slug":"meet-the-23-fintech-startups-ready-to-scale-up","status":"publish","type":"post","link":"https:\/\/dominiclevent.com\/blog\/meet-the-23-fintech-startups-ready-to-scale-up\/","title":{"rendered":"Meet the 23 fintech startups ready to scale up"},"content":{"rendered":"


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London startups dominate the list of 23 fintechs that have joined government-backed Tech Nation\u2019s 2019 growth programme.<\/p>\n

Sixty per cent of the new cohort of financial technology firms hail from the capital, while 40 per cent boast at least one female co-founder, Tech Nation revealed today.<\/p>\n

Read more: <\/strong>Fintech is all the rage, but is the bubble finally about to burst?<\/a><\/p>\n

Over the course of six months, the startup body will work with the companies to grow and scale their businesses at speed.<\/p>\n

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The companies who made the cut for the latest programme were handpicked by fintech superstars including Starling Bank boss Anne Boden, Wealthify CEO Richard Theo and Tech Nation chair Eileen Burbidge.<\/p>\n

Each of the two-dozen startups have already raised an average of \u00a33.6m, a 277 per cent increase from last year\u2019s cohort.<\/p>\n

Nivaura, which has raised \u00a316.5m, Anna Money \u2013 which raised\u00a316.5m, and Molo Finance, which put together \u00a311.7m, were the startups with the most funding for the latest programme.<\/p>\n

In total the 23 startups have raised \u00a382.6m.<\/p>\n

They also recorded an average revenue of \u00a3310,000 and span sectors from SMB finance, regtech, payments, capital markets and fintech for good.<\/p>\n

\u201cThe UK has a fantastic leadership position of producing globally renowned fintech companies,\u201d Tech Nation chair Burbidge, who is also a partner at Passion Capital, said.<\/p>\n

\u201cI\u2019m pleased to see another diverse group of companies on this year\u2019s programme, with 40 per cent of companies being based outside the capital.\u201d<\/p>\n

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Mike Jackson, entrepreneur success director at Tech Nation, added: \u201cThe companies in this year\u2019s cohort have demonstrated significant promise as future fintech leaders, and with the global fintech market expected to be worth nearly \u00a3250bn by 2023, they will play a vital role in supporting the UK to remain at the head of the global pack.\u201d<\/p>\n

The UK has officially become the world\u2019s top fintech hub, attracting more than \u00a34.5bn in investment over the last three years.<\/p>\n

Read more: <\/strong>Tech founders warn UK at risk of losing global fintech crown<\/a><\/p>\n

Meanwhile London fintech firms have raked in \u00a39bn in funding between 2015 and 2018, according to Tech Nation data<\/a>.<\/p>\n

Here\u2019s the full list of the latest 23 fintech startups to join Tech Nation\u2019s latest growth programme, which begins on 24 October.<\/p>\n

The 23 fintechs on Tech National\u2019s growth programme<\/h2>\n<\/p><\/div>\n


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