Mark Anderson
The lending industry has always made a considerable contribution to economic growth. Advancements in technology have seen a new wave of innovative startups disrupting the lending space in an attempt to provide more accessible, efficient and affordable financial solutions. The UK, in particular, has seen a significant thriving startup ecosystem, with some of the most innovative ventures forming over the past year. These are the startups that have been steadily changing the lending landscape since their inception in 2020 or later.
All of these companies are breaking new ground, offering services that integrate the latest digital technologies to provide superior lending solutions. Whether it’s a mortgage lender leveraging cloud-native technology for improved efficiency or a fintech startup pioneering AI-driven alternatives to payday loans, these new-wave companies signify how far the UK’s lending industry has developed in recent years. Here, we highlight some of these startups making a significant impact in the UK lending scene.
These companies are not only pioneering a path with their innovative solutions but also making lending more inclusive and accessible for people across the UK. From startups providing financial services to small businesses, those offering solutions for personal credit needs, or those focusing on asset management, they have created a wide-ranging impact in diverse domains.
Mast
Founded by Henry Stanley, Joy Joseph Abisaab, and Robert Stronach, Mast is a London-based startup specializing in banking, cloud computing, fintech, lending, and software. Mast’s goal is to create cloud-native technology that allows mortgage lenders to save costs, underwrite more applications, provide new levels of service, and create the best possible digital experience. To connect with Mast, follow them on Twitter (@MastHQ) and LinkedIn.
Euler
Euler is another London-based startup, operating in the cryptocurrency, financial services, and lending sectors. Their main product is a non-custodial protocol on Ethereum that allows users to lend and borrow almost any crypto asset. Euler can be found on Twitter and LinkedIn.
Hexa Finance
Founded by Ben Davies and Stuart Mason, Hexa Finance is located in Newport, offering consulting, financial services, leasing, and lending. Follow Hexa Finance on Twitter, Facebook, and LinkedIn for updated information about their services.
CreditSCRIPT
CreditSCRIPT, a London startup founded by Aisha Sudally, Michael Arnaldi, and Navilan Narasimhan, aims to revolutionise fintech industry with their innovative Banking-as-a-Service (BaaS) solutions. They offer a range of services targetting sole traders and small to mid-businesses including automated multi-currency accounts, E-Invoicing solutions, Accounts Payable (AP) automation and more. Keep up with CreditSCRIPT through their Facebook, Twitter and LinkedIn accounts.
Haysto
Haysto, based in Norwich, operates in the credit and financial services sector. You can stay connected to Haysto via Twitter, Facebook, and LinkedIn.
Investcorp-Tages
This London-based startup operates within financial services, hedge funds, and lending. Find out more about Investcorp-Tages on their LinkedIn page.
Funding Pool
Located in Bedford, Funding Pool offers services in commercial lending and financial services. Follow them on Twitter and LinkedIn for updates and information.
The Mortgage Stop
The Mortgage Stop, founded by Rita Kohli, offers advice and services in commercial lending. You can connect with them on Facebook and LinkedIn.
Black Fox Finance
Based in Bury Saint Edmunds, Black Fox Finance offers services in asset management, commercial lending, consulting, finance, and financial services. Stay connected with them through Facebook and LinkedIn.
Mallory Financial
Mallory Financial is a Mobberley-based startup operating in the credit and financial services sectors. Learn more about Mallory Financial on their Facebook and LinkedIn pages.
Abound
Founded by Dr Michelle He and Gerald Chappell, Abound aims to transform the lending sector by providing AI-driven alternatives to payday loans. By using the UK’s new Open Banking standard to analyse consumers’ historical banking data, they can better understand customers’ financial circumstances. For more information about Abound, follow them on @getabound and connect with them on LinkedIn.
Despite the challenging global environment, these startups have successfully managed to disrupt the market with their innovative solutions. They are not only elevating the industry but also playing a crucial role in reshaping the UK lending landscape. While each company has their unique approach to addressing the needs of the lending market, they all share a common goal to provide superior, efficient, and accessible financial solutions.
