Three companies that aim to help people invest their money have joined Tech Nations 2019 Growth program.
Tech Nation is the UK number one in the world for scaleup investment into fintech firms – generating £4.5bn in funding between 2015 and 2018 according to the Tech Nation Report 2019. The programme is delivered as part of HM Treasury’s Fintech Strategy with support from market leaders including Wealthify and Starling Bank
Smarterly – London
Smarterly aims to turn the UK into a nation of investors. By promoting the benefits of healthy savings habits, they make investing simple, easy and accessible for the mass market. Smarterly works with employers to allow people to save directly from their pay, often with a contribution boost as a more accessible complement to pensions.
Ben Pollard, Founder & CEO, Smarterly, London, commented:
“We’re really excited to be part of the Tech Nation Fintech program to help us on our journey and have the opportunity to learn from such an experienced group of professionals.”
PrimaryBid – London
PrimaryBid democratises the capital markets by allowing retail investors access to new share issues from listed companies at the same discount as institutions. Their deposit saving tool also helps users choose the best savings accounts and predicts the time it will take to save the required amount.
Kieran D’Silva, Co-Founder & CFO, PrimaryBid, London, commented:
“Having just closed our Series A we are looking forward to working alongside and learning from leaders in the field as we continue to scale.”
tickr – North West – Liverpool
tickr is transforming impact investment for Europe’s next generation of investors. For people who want to invest, but want to have a positive impact on society and the environment at the same time, tickr’s app allows users to invest in socially responsible companies with as little as £5.
The new Tech Nation Growth Program cohort features a number of scaleups within the sector that have demonstrated their credibility as future fintech leaders, with an average of £3,6m in funding raised across the companies, representing a 277% increase from last year’s cohort. This rise in average funding raised indicates the growing maturity of the UK’s fintech sector which has skyrocketed over the last year, and its contribution to the growth of the nation’s tech sector more broadly. This view is in line with the findings from the annual state-of-the-nation Tech Nation Report 2019, which revealed that the UK remains number one in the world for scaleup investment into fintech firms, generating £4.5bn in funding between 2015 and 2018. In addition, fintech companies are creating numerous, well-paid jobs with employment second amongst high growth tech scaleups (over 11,800 people employed in UK fintech firms in 2018).
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