Tech Nation Fintech Growth Programme Calls for 2019 Applicants
The inaugural 2018 cohort saw an average of £1.1 million raised with 35% of companies based outside of London and a 40% male-female founder ratio.
Scale-up network Tech Nation is calling for applicants for the six-month 2019 Fintech Growth Programme, which is aimed at connected and creating opportunities for fintech scaleup founders.
The programme, which will run from September 2019 to March 2020, puts leading fintech CEOs through nine themed insights sessions, delivered by some of the fintech sector’s most established entrepreneurs.
Topics covered in the sessions include regulation, partners with established financial services firms and international expansion.
This year’s cohort will also attend a series of networking events to meet and engage with key stakeholders and decision makers from the sector and will culminate with a three-day international showcase trip to the US.
Figures from 25 companies will be selected by a panel of expert judges, including Eileen Burbidge, Partner at Passion Capital and Chair of Tech Nation; Anne Boden, CEO of Starling Bank; and Simon Taylor, Co-founder and Blockchain Practice Lead at 11:FS.
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Tech Nation’s call for applicants follows the launch of its annual state-of-the-nation Tech Nation Report, which showed that the UK is the leading global nation for fintech scaleup investment; generating £4.5 billion in funding between 2015 and 2018.
Loral Quinn, Co-founder and CEO at Sustainably, said: “Tech Nation’s fintech programme was invaluable to Sustainably. We’re now focused on building our partner marketing programme to scale our brand, we’re hiring a designer into the team and are in discussions with banks on how we can use their networks to scale.”
External funding is not a requirement to take part in the programme, Tech Nation said. However, applicants must be at a stage of development equivalent to seed or Series A, be headquartered in the UK and have a product in market that is actively used.
For the first time, this year’s programme will also be open to B2C companies, Tech Nation announced, and it will remain open to B2B companies.
Eileen Burbidge commented: “Last year the Tech Nation Fintech Growth programme attracted an extremely high calibre of participants, and this year we are looking for equally diverse, innovative and ambitious fintech business leaders to apply. Additionally, we were delighted that in 2018, 40% of the cohort elected onto the programme had a female founder or co-founder and hope to be able to continue championing diversity through this important programme.”
Greg Michel, Tech Nation Fintech lead, added: “Tech Nation’s Fintech Programme identifies the rising stars in the industry and helps them scale to even greater horizons. The last cohort companies have closed multiple funding rounds, won prestigious awards, struck strategic partnerships and expanded abroad while on the programme.”
“In 2019 we are looking to replicate this success by connecting and creating opportunities for the most promising fintech companies wherever they are based in the country so that they can compete on the global stage.”