30 companies join FinTech scale-up programme

Tech Nation has announced that 30 companies have been accepted into Fintech 4.0 – the fourth iteration of the organisation’s growth programme for FinTech entrepreneurs to scale their start-ups.

The businesses cover all areas of the finance sector, including insurance, investment, blockchain, and digital assets.

“It's great to see 30 new companies joining Tech Nation’s FinTech programme. Our backing for this scheme is one part of our commitment to making the UK a great place for Fintech companies to set-up, and scale-up,” said John Glen, economic secretary to the Treasury. “With investment in UK FinTech soaring, and 40 per cent of these new companies based outside of London, investors are clearly seeing the enormous potential in this sector across the UK.”

The companies include MyPocketSkill, a start-up aimed at helping young generations earn and save money, a business called Ziglu which creates banking apps for cryptocurrencies, and Wombat Invest, a company that aims to make investing more accessible and values-based.

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.”

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