Why fintech investments?
Fintech (financial technology) is revolutionising the ways we think about and interact with our money. Recent years have seen the arrival of contactless payments, blockchain and Open Banking. With over 2,500 fintech companies in the UK, the industry is a real success story for British business.
An important part of the Group’s strategy is to target investments in companies and technologies that create value. We want to harness the dynamism and creativity in the sector, and bring it into what we do every day to support our customers and clients.
We want to build the bridge between the needs of our business and personal customers, and the fintech community. Our team looks to take minority equity stakes in early-stage fintechs – from Seed to Series B – to help accelerate the Group’s pace of change, and help us look further forward than we have before. This represents a cultural step-change for the Group, as we look to emulate the speed and energy of the fintech sector.
Our latest investments
Enigio is a tech company offering solutions to ensure consistency, integrity, traceability, and possession of digital information making data available only to those who should have access to it while protecting it from manipulation. Freely transferable digital original documents is at the core of what Enigio does and their bespoke trace:original solution can be used for multiple types of commercial documents required in global trade.
CoBa is transforming the way businesses and banks collaborate. A cloud hosted platform through which information and services are shared. CoBa works with banks, enabling them to provide the best suited products to clients, supported with real-time information. CoBa is an eco-system that brings businesses and banks together.
Fennech uses AI, machine learning and business rules with cloud-based technology, to automate businesses’ finance, treasury and payments processes in real-time. Its autonomous platform acts as a bridge between businesses and the banking industry, giving customers access to a single, seamless platform that automates and manage their accounts, payments, funding, and liquidity across numerous banking partners.
Yoti is a digital identity technology company that makes it safer and easier for people to prove who they are, verifying identities and trusted credentials online and in-person. We are thrilled to support Yoti in developing and growing digital identity solutions. This investment represents another step forward in our plans to strengthen the UK's crucial ecosystem and is a crucial part of how we help Britain prosper.
Ocula technologies' team of digital and data science experts are driving change at leading brands. And its platform has been built to level the playing field and overcome the barriers that exists to delivering the key insights that business owners need. Ocula’s proposition integrates well with our existing technology capabilities, and helps the Group continue to meet customer demands for a more personalised service.
Our existing fintech investments
Working with us
We’re constantly on the look-out for new and exciting investment opportunities or partnerships that can deliver substantive change for our business and our customers. If you’re interested in investment, please email us. Or if you’re interested in partnership opportunities, find out more about how we work with fintechs.