Mark Anderson
The world of startups is vibrant and continuously evolving. In particular, the Credit industry has seen significant expansion and diversity, especially in the United Kingdom. In this article, we highlight startups that have emerged in 2020 or later, which are revolutionising the credit market with innovative solutions. These startups, all based in England, are transforming how we perceive lending, underwriting, collateral handling, banking solutions, and much more, through technological advancements.
Prograd
Based in London, Prograd is a credit marketplace for young people, aiming to refine lenders’ underwriting accuracy and transform the consumer borrowing experience. Founded by Ethan Fraenkel and Marco Logiudice, the company operates in the Credit, Financial Services, FinTech, and Marketplace sectors. Follow them on Twitter and LinkedIn to stay updated.
Bondaval
Another innovative startup is Bondaval, co-founded by Sam Damoussi and Tom Powell. Bondaval operates in the B2B, Credit, Financial Services, and FinTech sectors and offers a pioneering digital platform for B2B credit security. Bondaval provides a secure, capital-efficient, and cost-effective alternative to traditional collateral-based instruments and trade credit insurance. Stay connected with them on Twitter and LinkedIn.
Network B
Founded by Brad Blake and Shapna Majid, Network B offers innovative banking and card-linked solutions through an API platform. Operating in the Banking, Credit Cards, Information Technology, and Loyalty Programs sectors, Network B seeks to streamline inquiries via phone, email, and online applications, making it a versatile choice for customers. Connect with them on LinkedIn.
Fintech Review
Founded by Tristan Pelloux, Fintech Review, based in London, is focussed on explaining basic concepts and analysing major trends across business, finance, economics, and technology making it significant in various sectors. Stay connected with this innovating startup on Twitter, Facebook and LinkedIn.
SproutPay
Another England-based startup, SproutPay, offers seamless international payments from Africa, including loading credit/debit cards, e-wallets etc. Its working includes single account, multiple identities, smart notification system, API documentation, continuous fraud monitoring, simplest bookkeeping. Stay connected with them on Twitter, Facebook and LinkedIn.
Foster Capital Partners
Foster Capital Partners, based in London, aims to facilitate the deployment and allocation of capital into meaningful investments and projects. They seek to create win-win situations for all stakeholders, providing a valuable service in the Credit, Finance, and Impact Investing sectors. Join their domain specialists on LinkedIn.
NUMARQE
NUMARQE is aimed at saving time, reducing costs, and minimising risk for mid-market businesses with its corporate credit card. Alongside its card service, the company offers a simplified expense management system. The platform enables financial officers and senior decision-makers to manage the entire spending lifecycle end-to-end. Stay connected on Twitter and LinkedIn.
Founded by Joe Harlow, and Nick Fulton, trustshare creates a fintech layer for marketplaces that spans payments, escrow, banking, and credit. The company streamlines identity verification procedures like KYC and AML checks, providing a vital service in the Credit, Financial Services, FinTech, and Payments industry. Stay updated by following them on LinkedIn.
Darksquare
Darksquare, co-founded by Alex Whitney and Daniel Harman, advocates for inclusive investing with its platform. The company empowers individuals to invest in alternative investment products, like distressed credit, forests/timberland, wind farms, and more. Connect with them on LinkedIn.
Crossamount
Crossamount makes card payments cost-effective, especially for low-amount transactions. Their unique solutions span across VISA/Mastercard/Discover/Diners and American Express, providing integrated payment solutions for businesses. Connect with them on Facebook.
Dhow Kimura
Last but not least, Dhow Kimura operates in the Credit, Finance, and Financial Services industries. Founded by Kristofer Tremaine, this London-based startup is another worthy player in the credit industry. Stay updated with their activities on Twitter and LinkedIn.
These startups, situated in England, are making significant strides within the Credit industry, providing brilliant solutions for people and businesses alike. Whether it’s offering unique lending platforms, bank-linked solutions, or simplified spending, these startups are set to shape the future landscape of the Credit industry. Stay tuned for more intriguing insights in this startup series!
