The UK has become a hotbed for burgeoning startups, particularly those in the credit industry. Financial technology, or FinTech, is transforming the way we deal with money, spawning a whole new generation of businesses. Born in 2020, several innovative startups have arisen, tackling diverse aspects of the credit sector, from personal finance management, software and services, to consulting. With a special lens focused on York-based credit startups established in 2020 or later, we spotlight ten of these groundbreaking ventures.
Each startup, operating in a critical junction between tech and finance, is leaping forward in the credit industry. They demonstrate creativity, resilience, and potential galore, already making enormous strides despite their relatively young age. Their innovations offer tantalising glimpses into the future of finance, pushing boundaries in a sector primed for transformation.
In writing this article, we aim to celebrate, support, and promote these startups. What follows is a comprehensive overview of these unique companies, their founders, and the locations they call home.
Array
Founded by Martin Toha and Phillip Zedalis, Array is a financial innovation platform founded in 2020. It offers digital brands, financial institutions, and fintechs innovative consumer products and features beneficial for their quick market entry. Among the clients served are those across various market segments in their millions. Their cutting-edge products ensure increased digital engagement, financial literacy, and revenue for their clients. For more about Array, visit their LinkedIn page.
LoansIntel
LoansIntel is a consulting-based startup offering solutions in the credit, financial services, market research, and professional services sectors. Stay in the loop with their progress via their LinkedIn page.
Fundible
In the financial services sector, Fundible is making its mark with notable innovations in credit and payments. Want to know more about Fundible? Visit their Linkedin or Facebook pages.
Expensemate
Expensemate is a consulting-based startup in North Yorkshire, offering innovations in the credit, financial services and payment sectors. Get to know them more from their LinkedIn and Facebook pages.
My Credit Card Club
Specialising in the banking, credit, and financial services industry, My Credit Card Club is another dynamic startup in New York. Follow their progress via their Facebook or LinkedIn pages.
Peritus Capital
Engaging in the Accounting, Credit and Financial Services sector, Peritus Capital has brought a fresh approach to the table. Keep updated with Peritus Capital’s latest strides on their LinkedIn page.
Northern Birch Credit Union
Northern Birch Credit Union is a co-operative financial institution with 3 branches within the Greater Toronto Area, offering credit and financial services to their members. Learn more about them from their Facebook or LinkedIn pages.
Yorvik Business Finance
Based in Escrick, York, Yorvik Business Finance offers a wide array of financial services including asset finance, bridging loans, invoice finance, and secured business loans among others. Keep in touch on their Facebook or LinkedIn pages.
KrediYA
Operating in the credit, financial services, and FinTech sectors, KrediYA is another innovative startup making significant strides in Panama, New York. Explore more about them via their Facebook or LinkedIn pages.
Bankuish
Founded by Jose Fernandez, Bankuish is a technology platform helping gig workers and freelancers leverage their work history data to demonstrate their creditworthiness. Established in 2020, Bankuish serves both New York City and Mexico City. Learn more about them from their LinkedIn page.
Mercantile
Last but not least on the list is Mercantile. They provide a premium credit card product for small business owners, aiming to help them compete with larger firms and build the resilience of their businesses. Follow their journey on their respective LinkedIn page.
This selection of innovative startups is just a snapshot of the vibrant and explosive growth of the UK’s startup scene. All of these companies represent pioneering ideas and ground-breaking solutions in the credit industry. Irrespective of their size or location, their impacts are felt globally. As we wholeheartedly support and champion their endeavours, we look forward to witnessing their future successes.
