CrowdProperty, Abundance and Plend picked for fintech programme
Peer-to-peer lending platforms CrowdProperty, Abundance and Plend are among the 51 companies selected for Tech Nation’s latest fintech growth programme.
The six-month, government-backed programme was created to support UK fintechs. Companies accepted into the programme have access to networking events, as well as insights sessions delivered by established fintech entrepreneurs, investors and partners, to give them the knowledge they need to scale up.
CrowdProperty focuses on residential property developments, Abundance is an ethical crowd bonds platform and Plend is a new P2P consumer lender underpinned by open banking technology.
“We are delighted to be recognised by being selected for this prestigious programme for the game-changing, highly scalable approach we are taking to the property development finance market”, said Michael Bristow, chief executive and co-founder of CrowdProperty.
Other companies accepted into the Fintech 5.0 cohort include social lending firm Punk Money, cash management platform Bondsmith and crypto tax app Recap.
Tech Nation said that the 51 companies selected for the fifth iteration of its fintech growth programme have collectively raised more funds than any cohort in previous years, with a collective total raise of £149.2m, up from £128.1m last year.
Nearly half (49 per cent) of the companies have at least one non-British founder, and they operate across 38 different countries, including the UK.
Read more: Tech Nation sees 28 per cent rise in applications for its Global Talent Visa
“The Fintech 5.0 cohort is diverse, innovative and truly disruptive. I cannot wait to see how the companies will grow and accelerate as part of the programme,” said Maria Pasquale, co-founder of UpSpark and a Fintech 5.0 judge.
“Tech Nation has been phenomenal at fuelling the growth of the most ambitious UK founders, teams and businesses as the UK continues to be a centre of excellence and world leader in the global fintech industry.”
Read more: Tech Nation launches diversity & inclusion toolkit
“In 2022, we have seen another wave of fintech start-up and scaleup companies thrive in all regions of the UK,” said Will Miller, chief growth officer at Tech Nation.
“With the first quarter of 2022 setting an all-time record for quarterly VC investment into UK fintech, and the UK now being home to 47 fintech ‘unicorns’ – with four new fintech unicorns created this year alone – it’s clear that the UK’s fintech sector is going from strength to strength.”
Read more: Bloom Money selected for government-backed tech diversity incubator
