FinTech West has unveiled two new funding initiatives to assist the early development of fintech startups in Bournemouth, Christchurch, Poole and surrounding areas, connecting them with angel buyers and early-stage enterprise capital companies.
A part of the FinTech Nationwide Community, FinTech West is the consultant physique for fintech within the South West area of the UK. The funding initiatives, introduced throughout the FinTech West South Coast Summer season Showcase, will generate profits out there to assist the early development of fintech companies within the area.
The primary initiative will type an angel investor group particularly concentrating on fintech startups, offering preliminary funding for progressive founders. The second initiative will invite early-stage enterprise capital companies to the area to showcase the native fintech panorama and companies, supporting the expansion of early-stage firms into established enterprises and elevating the area’s standing within the UK fintech sector.
Joe Parkin, managing associate of FinTech Progress Fund who’s main the programme stated: “During the last two years, foundations of a profitable fintech ecosystem have been laid within the space, and now’s the time to carry capital and experience to assist the profitable improvement of those early stage companies.”
Whereas Matthew Stammers, chair of FinTech West South Coast Steering Group Board, additionally commented: “Up to now, there have been few technology-based funding autos particular to our area. The South West has been recognized for its thriving fintech group, so fostering development right here is important.
“We’re trying to join profitable entrepreneurs who’ve expertise of scaling high-growth companies themselves and who’ve a powerful connection to the area, with the subsequent era of founders trying to set up their companies right here. We’d love to listen to from anybody trying to make investments, or anybody trying to begin their companies right here.”
FinTech West’s South Coast Hub fashioned in early 2024 by collaboration with Bournemouth, Christchurch and Poole (BPC) Council and Bournemouth College, with further assist from Barclays Eagle Labs Bournemouth.
