Mark Anderson
Over the past year, many innovative startups have emerged in the UK, particularly in the credit industry. London, being a hub for startups, has seen an influx of companies that are leveraging technology to revolutionise the credit and financial services sector. These startups are not only providing unique solutions for both individuals and businesses but are also contributing significantly to the UK’s burgeoning fintech scene.
The credit industry has long been a major part of the UK’s economy and with the emergence of fintech startups, it is evolving rapidly. These young companies are disrupting traditional financial services by using technology to offer more efficient and user-friendly solutions. Whether it’s simplifying the lending process, offering flexible credit solutions, or streamlining payments, these startups are at the forefront of the credit industry’s transformation.
Let’s take a look at some of the most notable startups founded in 2020 or later that are changing the credit landscape in the UK.
Prograd
Founded by Ethan Fraenkel and Marco Logiudice, Prograd is a credit marketplace designed for the young populace of the UK. The company aims to enhance the underwriting accuracy of lenders while simultaneously improving the borrowing experience of consumers. Follow them on Twitter @prograduk or connect via LinkedIn.
Bondaval
Cofounded by Sam Damoussi and Tom Powell, London-based Bondaval seeks to digitize the B2B credit security sector. They offer a more secure, capital-efficient, and cost-effective form of secured credit that can be issued, amended, renewed, and claimed-on in real-time. Connect with them on LinkedIn and follow @wearebondaval on Twitter.
Network B
Founded by Brad Blake and Shapna Majid, Network B offers banking and card-linked solutions. Their API platform for banking solutions addresses their customers’ inquiries through phone, email, and online applications. Connect with them via LinkedIn.
Fintech Review
Launched by Tristan Pelloux, Fintech Review provides insights, reviews, interviews, and analysis of everything Fintech. From basic concepts to analysing major trends across business, finance, economics, and technology. Connect with them on Facebook, LinkedIn and follow @fintech_review on Twitter.
SproutPay
A fintech startup that focuses on making international payments easier. SproutPay lets you send various currencies to African recipients. It offers services like loading credit or debit cards, continuous fraud monitoring, among others. Connect with them on Facebook, LinkedIn and follow @sproutpay on Twitter.
Foster Capital Partners
Foster Capital Partners focuses on deploying and allocating capital into meaningful investments and projects. Their aim is to create win-win situations for all stakeholders. Connect with them via LinkedIn.
NUMARQE
Aiming to save time, reduce costs & minimise risk for mid-market businesses with their ultimate corporate credit card. Their platform enables decision-makers to manage the entire spending lifecycle end-to-end while eliminating paperwork. Connect with them via LinkedIn and follow @numarqe on Twitter.
Trustshare is a fintech layer for marketplaces. It offers secure accounts for buyers, sellers, projects, and even credit providers. Connect with them via LinkedIn.
Darksquare
Founded by Alex Whitney and Daniel Harman, Darksquare aims to build a crowdfunding platform for individuals to invest in alternative investment products. Connect with Darksquare on LinkedIn.
Crossamount
Aiming to lower your card payment costs with their payment solutions. They provide multicurrency processing, plugin for WooCommerce & API Access and more. Connect with them via Facebook.
Dhow Kimura
This credit, finance, and financial services startup is driving the potentiality of change in the UK’s credit industry. Access more details via their website or connect with them via LinkedIn and @dhowkimurafund on Twitter.
