The financial services sector within the UK has seen a recent surge in innovation, with a number of emerging startups shaking up traditional models. The true standout of this transformation has been the rapid growth of startups originating from Wales. These companies, all founded in 2020 or later, have managed to swiftly create a noticeable impact within the financial services industry. They are not only breathing fresh life into the sector, but are also exemplifying the creative strength and business acumen found in Wales.
These startups span an impressive range, from financial advisory platforms to cryptocurrency exchanges, each with their own unique offering. Their shared thread is a focus on leveraging technology to create superior customer experiences and efficient financial processes. These companies, youngest yet ground-breaking, are reshaping finance as we know it and placing Wales on the global fintech map.
Here we take a look at these innovative companies, each adding a fresh perspective and unique solution to the financial services industry, taking it to newer heights.
Barrenjoey
Aiding their clients to grow through their innovative ideas, Barrenjoey is a financial services firm that was founded by John Cincotta in 2020 in Sydney, New South Wales. Locally managed and majority-owned by employees, the firm leverages a combination of entrepreneurship and collaboration to create opportunities for its global clients.
More about the company can be found on their LinkedIn page.
Paytron
Francois Henrion and Jaco Veldsman founded PAYTRON with a vision to help SME businesses and their accountants avoid mundane processes. This global fintech startup, based in Sydney, Australia, offers a borderless transaction account, automates bookkeeping, and provides insights to facilitate growth.
Find more about them on Facebook and LinkedIn.
WeMoney
Dan Jovevski founded WeMoney with a goal of obtaining an Open Banking license. This would allow the fintech firm to access customer banking data and improve its service quality. The platform allows users to manage their savings, track monthly income and pending bills. It also aims to help users make well-informed financial decisions through its AI and behavioural science-based features. More about them can be found on Facebook and LinkedIn.
Marhaba Defi
MRHB Defi, founded by Naquib Mohammed, is a decentralized finance (DeFi) platform. This Halal DeFi platform follows faith-based financial and business principles, providing services to all communities. They can be found on LinkedIn and @MarhabaDeFi on Twitter.
Lumiant
Lumiant is an advice and client engagement platform that enhances the value of advice. It helps clients visualize the impact of advice on their lives. Find more about them on Facebook and LinkedIn.
AuditCover
Offering a smarter way to insure their clients, AuditCover provides digital onboarding and secure data sharing to accountants and has direct-to-taxpayer programs. Connect with them on LinkedIn.
Stables
Stables, founded by Bernardo B., Daniel Li, David Nichols, and Erez Rachamim, is a digital wallet that allows spending, sending, and earning of stablecoins. Follow them on @stables_money on Twitter and connect via LinkedIn.
#Yolo ex
#Yolo ex, founded by Alan Gibbons, is a financial market specially designed for the Millennial investor.
CarClarity
Founded by Zaheer Jappie, CarClarity offers an easy online process to secure car loans, providing a hassle-free, safe, and smarter car buying experience. You can find more about them on LinkedIn.
CrowdProperty Australia
David Ingram founded CrowdProperty Australia, a specialist property marketplace lending company. They can be found on Facebook and LinkedIn.
FAMEEX
Founded in 2020, FAMEEX is a high-performance cryptocurrency exchange offering spot trading, margin trading, derivatives, and a built-in quantitative trading bot. Offering 24/7 support in multi-languages, they can be found on LinkedIn, Facebook, and @FameexGlobal on Twitter.
