Mark Anderson
At the heart of any successful business is a robust financial strategy. With technological advancements, companies are continuously exploring innovative ways to streamline their financial processes. In this light, the UK has been a thriving hub of credit startups, which have redefined how businesses and individuals manage their credits. Here is a compilation of some of the most promising UK-based credit startups founded from 2020 onwards, offering inventive solutions in the UK credit industry.
The digital age has seen an emergence of sprightly fintech startups that aim to reshape users’ financial experiences while adding a modern spin. From providing digitized banking and payment services to harnessing technology in offering secure, efficient credit solutions, these startups are stirring a revolution in the credit sector.
Let’s explore these exciting startups that are pioneering ingenious credit solutions in diverse areas, from personal finance to B2B credit security.
Prograd
Based in London, Prograd has its foundations in Credit, Financial Services, FinTech, and Marketplace. Launched by Ethan Fraenkel and Marco Logiudice, Prograd is enhancing the underwriting accuracy of lenders and the borrowing experience of consumers, aiming to become a valuable credit marketplace for the young generation. Prograd on LinkedIn provides more information about the company.
Bondaval
Another London-based startup, Bondaval, which operates in the B2B, Credit, Financial Services, and FinTech sectors, offers a revolutionary digital platform for B2B credit security. Founded by Sam Damoussi and Tom Powell in 2020, Bondaval aims to replace traditional collateral-based instruments and trade credit insurance, to provide a more secure, capital-efficient and cost-effective form of secured credit. Check their LinkedIn profile for more details.
Network B
Another fast-rising startup, Network B, based in London offers banking and card-linked solutions. Brad Blake and Shapna Majid launched Network B intending to provide an API platform for banking solutions, making them specialists in Banking, Credit Cards, Information Technology, and Loyalty Programs. Visit their LinkedIn page to learn more.
Penrose Digital Banking and Payments
Located in Sevenoaks, Kent, Penrose Digital delivers an array of online banking and payment services. Priding itself on offering global banking at your fingertips, Penrose Digital navigates and transacts in the complex banking, digital, and payments arenas, across large, medium, and small order scales. Check out their LinkedIn and Facebook platforms for more insights.
Haysto
The Norwich, Norfolk-based startup, Haysto, specializes in Credit, Financial Services, and Lending. To find out more about Haysto’s offerings, head to their LinkedIn and Facebook pages.
Fintech Review
Fintech Review, based out of London, operates within several sectors including Banking, Blockchain, Credit, Cryptocurrency, Finance, Financial Services, and FinTech. Founded by Tristan Pelloux, this platform provides insights, reviews, interviews, and analysis essential to the Fintech world. Check out their LinkedIn and Facebook profiles for more.
Expensemate
Operating from Gilling East, North Yorkshire, Expensemate specializes in Consulting, Credit, Financial Services, and Payments. Details about their services are available on their LinkedIn and Facebook platforms.
Link Business Group
Headquartered in Northampton, Northamptonshire, Link Business Group offers solutions in the Credit, Finance, and Financial Services sectors. Learn more about them on their LinkedIn and Facebook profiles.
SproutPay
Based in London, SproutPay operates in the field of Banking, Credit Cards, Debit Cards, Finance, and Mobile Apps, allowing users to send and receive international payments conveniently. Check their LinkedIn and Facebook platforms for more information.
Yorvik Business Finance
Yorvik Business Finance provides asset finance, bridging loans, invoice finance, business loans, and other financial services out of Escrick, York. Visit their LinkedIn and Facebook pages to know more.
Foster Capital Partners
Operating from London, Foster Capital Partners is in the Credit, Finance, and Impact Investing industry. They aim to facilitate the deployment and allocation of capital into meaningful projects, creating win-win situations for all stakeholders. Check their LinkedIn page for more.
All these credit startups, with their unique offerings and innovative credit solutions, are shifting paradigms in the UK credit industry. By leveraging technology, these companies are transforming the way people and businesses manage, monitor and evaluate credit, providing a future-forward outlook for the UK’s financial landscape.
