Five startups have been selected to take part in NatWest’s first Fintech Growth Programme.
Following the launch in December and after a rigorous process of pitches, presentations and interviews, TunicPay, Ask Silver, mmob, Aperidata and Sprive were selected to take part in the programme.
The programme will give them access to resources, expertise and networks to help them scale sustainably, with NatWest looking to drive its innovation pipeline in return. The founders will participate in 10 weeks of workshops, mentoring and coaching.
The five FinTechs, all pre-Series A UK-based startups looking to develop their business ideas, provided innovative solutions addressing challenges in the payments space.
“We’re pleased to welcome these five fintechs onto the NatWest Fintech Growth Programme,” said David Grunwald, director of NatWest Innovation.
“Their solutions and remarkable potential align with our commitment to create better outcomes for our customers. Collaborating closely with such talented UK entrepreneurs not only enhances our ability to be future-focused, but reinforces our dedication to fostering the growth of the innovation community.”
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Lee McNabb, head of payments strategy & partnerships at NatWest, added: “Payments is a network business and the days where big banks do everything themselves are over.
“To succeed in meeting customer needs and keeping them secure in their payment experiences we must embrace collaboration, partnership and learning through others. This is why I’m a huge supporter of the Fintech Growth programme.
“Working together with a talented and thought-provoking group of entrepreneurs can only bring good things for the market and our customers.”
The 5 FinTechs
Tunic Pay is building the trust infrastructure to break the spell of scams, while also releasing good transactions. They provide Payment Intelligence to banks, constituting of typology-specific data fields and adaptive insights — all delivered dynamically throughout stages of the payment journey.
mmob provides the tools for any business to import or export API services in any channel through their embedded finance toolkit.
Aperidata, a challenger Credit Bureau harnessing the power of Open Banking, is on a mission to improve financial inclusion by revolutionising credit scoring and lending processes.
Sprive is on a mission to help millions of homeowners live with less debt by finding spare cash to reduce their mortgage. With smart overpayments, market monitoring and cashback from everyday shopping, Sprive helps homeowners save thousands and pay off their mortgage faster.
Ask Silver protects people from scams with a Scam Checker, allowing anyone to send a screenshot of anything they aren’t sure about, like an email or text message, and receive an analysis in seconds.