PwC launch new Fintech scale programme

PwC has launched its 2023 Scale FinTech cohort, the sixth group of innovative FinTechs to join the programme, which curates partnerships, co-creation and collaboration between FinTechs and large financial institutions keen to tap into new ways of driving profitability, growth and innovation.

Nine high-quality scale-ups are included in this year’s cohort, specialising in a wide range of technologies including payments, data, automation and fraud prevention. 

The programme is delivered in collaboration with GrowthBuilders and is designed to gather Financial Services industry leaders and scale-up disruptors to work closer together to drive innovation in the market.

Having run more than 50 Scale Programmes in the UK working with more than 500 scale-ups, PwC’s Scale offering of three core components is proven to accelerate growth by tapping into PwC’s corporate network that stretches around the globe; exploring opportunities with PwC leaders who work with the biggest FS brands; and upskilling and developing scale-up teams through a world-class business growth curriculum.

The programme is delivered over 10 weeks with the business curriculum covering topics such as sales and marketing, operational growth, professional readiness, valuations, leading through growth and exposure to financial service specialisms. The cohort itself is curated around PwC’s large client challenges which brings through highly relevant solutions to drive opportunities for both.

Peter Hewlett, PwC Scale | FinTech Partner Sponsor, commented:

“It gives me great pleasure to announce our cohort of nine innovative FinTech firms, all of whom have great potential to impact and scale within the Financial Services industry. 

“From a group of more than 1000 FinTechs, we have selected nine exceptional companies to whom we will be providing access to advice, bespoke support and client networking events. 

“Our clients have been on an innovation journey and see FinTechs as important players in their ecosystem. There are opportunities to collaborate, partner and acquire - it’s why we’re so pleased to be working with these scale-ups.

“I'm excited to follow this intake and work with them to continue to drive transformation within the Financial Service industry.”

The PwC Scale FinTech 2022 cohort of businesses are:

Nimbla offers a direct platform for SMEs to protect their receivables from default. They also offer the ability to embed B2B credit protection, mitigation and risk analysis into any lending, B2B SaaS or broker platform. 

Quantfolio is a hybrid advisory platform for banks and wealth managers powered by a sophisticated quant engine empowering self service advisory and re-defining traditional advisory for FI´s to support their advisory clients with cutting edge UX and compliance-by-design algorithms. 

Spring Labs’s next-generation tokenization service helps Financial Institutions securely store and share sensitive data without revealing any personally identifiable information (PII) using patented, ultra secure tokenization solutions.  We make it easy to manage risk by reducing business exposure to sensitive data.

CreditLogic is a SaaS platform for banks which doubles lending profitability. An end to end platform offering a full ecosystem of customer onboarding and lending services including end-user and agent applications, workflow and process automation.   

StarLiX is a payments and compliance platform enabling payment and banking service providers to onboard their clients and clients’ customers, evidence end-to-end compliance by embedding into the transactions the compliance information of all involved parties in the payment chain, and data share with regulators, banks and auditors.

Pactio is building software to deliver a faster, seamless, and robust private equity closing process for GPs, accountants, and lawyers. Our advanced software transforms closing chaos into order and alleviates the greatest difficulties in getting deals completed (fund flows, sources and uses, wiring, single source of truth for docs, etc.).

Fintech Galaxy’s platform - FINX - is redesigning finances by providing an open finance infrastructure that ensures secure and stable API integrations between all industry players and grants more control over data and payments to consumers.

Bleckwen offers SaaS fraud prevention solutions, based on AI, for lenders and retail banks to help them complete their protection against lending fraud. The machine learning models work with over 200 variables to detect fraudulent loan applications in real time and solve problems such as low detection rates, high false positives and residual fraud slipping through existing solutions.

Unit21 provides risk and compliance infrastructure for financial services, payments companies, fintech companies, crypto companies, and marketplaces, focused on anti-fraud and anti-money laundering. The company focuses on unlocking data silos to unify the customer data and help with the identification, investigations, and reporting of suspicious activity.

If you are looking for more information or are interested in being involved then please get in touch with Harry Gobourn, Scale FinTech Lead or Micah Leitch, GrowthBuilders Programme Manager.

There will be a virtual pitch events taking place on 8 February.