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This article spotlights a group of promising startups that have sprung up in the UK’s lending industry. Despite being founded in 2020 or later, these ventures promise to disrupt the market and reimagine the traditional approach to lending. Headquartered in England, these startups encompass various sectors from financial technology (fintech) to cloud computing, software, and even micro-lending.
These businesses have leveraged the power of technology to introduce innovative solutions that aim to streamline the lending process, thereby enhancing efficiency and customer service. In essence, they are revolutionizing the way the financial world operates while confronting common challenges faced by businesses, individuals, and marginalized groups within the industry.
One common thread among these ventures is their commitment to delivering bespoke, user-friendly solutions tailored to meet the unique needs of their clientele. Let’s take a closer look at these startups and what they’re bringing to the table.
Mast
Founded by Henry Stanley, Joy Joseph Abisaab, and Robert Stronach, Mast is based in London and operates in the banking, cloud computing, fintech, lending, and software industries. This startup aims to redefine the mortgage lending landscape by developing cloud-native technology that helps mortgage lenders save costs, underwrite more applications, and enhance service delivery. At its core, Mast is striving to create the best possible digital experience for lenders. Follow them on Twitter or connect with them on LinkedIn.
Euler
Euler is a London-based startup operating in the financial services, lending, and cryptocurrency industries. This startup develops a non-custodial protocol on Ethereum that enables users to lend and borrow almost any crypto asset. Stay updated with the team’s progress on Twitter or get in touch with them on LinkedIn.
CreditSCRIPT
Headquartered in London, CreditSCRIPT was founded by Aisha Sudally, Michael Arnaldi, and Navilan Narasimhan. The team focuses on providing automated Banking-as-a-Service solutions to sole traders and small-to-midsize businesses. CreditSCRIPT offers multi-currency accounts, E-Invoicing solutions, and more. Follow them on Twitter, connect with them on Facebook, or learn more about them on LinkedIn.
Investcorp-Tages
This London-based startup operates in the financial services, lending, and hedge fund industries. For more information, visit their Linkedin page.
Abound
Abound, also known as Fintern, is a lending platform founded by Dr. Michelle He and Gerald Chappell. This startup aims to offer an AI-driven alternative to pricey payday loans. Abound aims to widen access to affordable personal credit by using the UK’s new Open Banking standard. Follow them closely on Twitter and Linkedin.
Plend
Founded by James Pursaill and Robert Pasco, Plend is a London-based platform that’s pioneering a more flexible approach to lending. The team behind Plend is exploiting advanced open-banking powered credit scoring technologies to provide truly affordable loans. Engage with them on Twitter, Facebook, or LinkedIn.
OnLadder
Founded by Cameron Orcutt and Samuel Hatley, OnLadder is a proptech firm that works to make property ownership accessible to all. Follow them on Twitter, Facebook, or discover more about them on LinkedIn.
eMaisha Pay
John Kiwanuka and Sserubiri Uhuru founded eMaisha Pay, a London-based fintech that offers non-collateral loans for small business growth using data, advanced analytics, and machine learning algorithms. Follow them on Twitter, connect on Facebook, or learn more about them on LinkedIn.
Atempo Growth
Atempo Growth is a venture debt manager founded by Jack Diamond, Luca Colciago, and Matteo Avramov Giulivi. The startup is dedicated to financing technology companies with high growth potential in the UK and Europe. Follow their progress on Twitter or get in touch with them via LinkedIn.
FlowPayment
FlowPayment is a London-based startup operating in the lending, payments, and risk management sectors. More about them may be found on their Linkedin page.
BorrowingWell
BorrowingWell, founded by Luke Bussey and Tom Malley, offers services in accounting, consulting, financial services, and lending. Follow the team on Twitter and engage with them on LinkedIn.
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