Nexus FrontierTech has been selected as one of only 51 companies to join the Fintech 5.0 programme, delivered by Tech Nation in partnership with Cooper Parry
The companies on the newest fintech cohort are working to transform all areas of the finance sector; from insurance and investment, to blockchain and digital assets. Together, the new companies have raised more funds than any cohort in previous years, with a collective total raise of £149.2mn (up from £128.1mn last year). Nearly half (49%) of the companies have at least one non-British founder, and they operate across 38 different countries, with almost half of companies (44%) planning to expand to the US in the near future and more than a quarter (28%) planning to expand into both France and Germany. Tech Nation’s growth programmes have supported 30% of UK’s tech unicorns.
Danny Goh, CEO of Nexus FrontierTech, shares, “I’m excited that Nexus FrontierTech has been selected to join the Fintech 5.0 cohort. As Nexus continues to surge forward in our growth plans, I believe it will be an invaluable opportunity for us to learn from and collaborate with the other founders to grow and scale our businesses in a way that helps the fintech community achieve collective progress and success.”
The programme is funded by the UK Government’s Department for Digital, Culture, Media and Sports, tailor-made to support founders and leadership teams for UK fintech and insurtech companies. Companies accepted into the programme have access to networking events with key stakeholders, peer-to-peer meetups, and insights sessions delivered by established fintech entrepreneurs, investors and partners, which give cohort members the tools and knowledge they need to scale.
This year’s successful applicants will gain access to multiple insight sessions over 6 months (covering core issues, from investment to sales, partnerships and international expansion) delivered by later-stage founders, all focused on key scaling challenges, as well as regular networking opportunities (with investors, VCs, corporates and peers).
Jelena Ewart, co-founder of Upside Partners and Fintech 5.0 judge, said: “If the last few years have taught us anything, it’s that our ideal future isn’t going to just build itself. It was refreshing to see so many companies with real potential to empower us to lower the cost of our dreams and to contribute towards a world that truly values us. This isn’t just finance imbued with modern tech; it’s the start of a fintech uprising built by the people for the people!”
Read more about other cohort members via Tech Nation’s official release.
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