June 14 ,2018 | by Anisa Choudhary

New competition launched to support UK’s promising fintech start-ups

A new competition has been launched to help the UK’s most promising financial technology start-up companies boost their growth.

Applications are now open for the competition, which is being delivered by tech entrepreneur network Tech Nation as part of the Treasury’s fintech strategy.

Success

The competition is aimed at early-stage fintech businesses that are looking to sell, collaborate or enter a partnership with large or small businesses and bring innovative products to the market.

Applicants are required to be between seed A and series A stage and must be able to show that their product can achieve market success. Those who are successful will be given the opportunity to attend insight sessions, which will cover topics such as international expansion and partnering with incumbents.

The competition will focus on company founders, with all activities and events being aimed solely at founding teams. Those who are successful with their applications will have the chance to meet key decision-makers from financial institutions and investment companies.

Start-ups will also be given the opportunity to explore the American market, with a trip to the US taking place at the end of the competition.

Several major financial firms will be part of the competition, with figures from professional services and Big Four firm EY, Starling Bank and MarketInvoice being among the judges.

Benefits

Commenting on the competition, Tech Nation’s Chair Eileen Burbidge said that it will help some of the most promising fintech start-up businesses in the UK with growing and scaling up.

She added that the UK is already a world leader in fintech and this programme will help us to maintain this advantage while accelerating the benefits that the sector can bring to the whole economy.

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