The five fintech startups joining credit card company’s Capital One’s new fintech accelerator in Nottingham have been named and include Credit Kudos, Multisense, Pariti, Warwick Analytics and WealRo.
The teams were selected from a list of 19 startups that pitched the judging panel. Chris Newkirk, Capital One UK CEO says there were “dozens” of applications from the UK, Europe and the US. In the end, four out of the five startups are headquartered in London and one comes from Amsterdam.
Capital One Startups:
- Credit Kudos, headquartered in London, provides alternative credit scoring.
- Multisense, headquartered in Amsterdam, focuses on mobile face, voice & fingerprint ID
- Pariti, headquartered in London, offers financial wellness
- Warwick Analytics, headquartered in London, offers predictive analytics
- WealRo, headquartered in London, is building an AI savings assistant
Dubbed Growth Labs, Capital One first announced the programme back in May as a corporate accelerator for early-stage and high-growth companies. It will operate out of the company’s headquarters in Nottingham.
Benefits for companies taking part include getting access to the firm’s software engineering department and the tech professionals that work there, plus a series of workshops on topics like branding, legal advice, business development and other mentoring activities.
At the end of the programme, startups will have the chance to pitch for investment at their demo day on October 6th.
The programme was launched in partnership with corporate accelerator and investment firm L Marks and will kick off on August 1st this year.
“This business has always been concerned with innovating in favour of the customer, disrupting the financial industry and delivering new and exciting products and services,” says Chris Newkirk, Capital One UK CEO.
IBM and Visa announced the industry’s first collaboration which brings point of sale everywhere that Visa is accepted.
PayPal CEO Dan Schulman is attempting to make good on his promise to better serve the unbanked.
The new feature appears closer to being fully functional than previous rumours had suggested.
Favourable regulation, a lack of legacy systems, and growth in smartphone adoption is fuelling the pace of change in the Indian payments market.