By Aisling Finn on Wednesday 23 September 2020
Previous alumni of the programme include Funding Circle, Credit Kudos, PrimaryBid and ANNA Money.
Fintech industry body Tech Nation has today revealed the newest group of fintechs selected to join the Fintech Cohort 3.0.
Fintechs on the list include digital wealth and technology provider WealthKernel, revenue-based financier Uncapped, open banking provider Yapily and alternative lender CreditEnable.
The 31-strong list includes businesses from all over the country, with 60 per cent of the companies joining hailing from outside London, and from all sectors of fintech including a particularly strong insurtech presence, with 20 per cent of the fintechs featured being an insurtech.
Liam Gray, Fintech Lead, Tech Nation said: "The UK fintech ecosystem is truly world-leading and its strength is clearly demonstrated by the calibre of companies on this year's Tech Nation Fintech programme.”
“Our third cohort will officially introduce insurtechs to the programme, a sub-segment of fintech that has matured significantly in recent years. This cohort will also be the most geographically diverse group of fintechs we've ever had, with 60 per cent located outside of London, highlighting the growing prevalence of regional fintech hubs."
The judging panel for the latest cohort consisted of Catherine Wines, co-founder and director of WorldRemit, Tim Levene, CEO of Augmentum VC, Richard Theo, founder and CEO of Wealthify and Amir Nooriala, CCO of Callsign.
Following the success of previous programmes, with alumni such as the likes of Funding Circle, Credit Kudos, PrimaryBid and ANNA Money, there was a 20 per cent jump in the number of applications from the previous year.
The announcement comes just days after the industry body launched a new programme to help bolster UK fintechs, the Fintech Pledge.
Fintech Pledge, which has been backed by HM Treasury and the Fintech Delivery Panel, will help accelerate the growth of the fintech sector by opening up communications between banks and leading fintech firms.