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Launched in December, the Fintech Growth Programme aims to help startups use NatWest’s resources, expertise and networks to scale-up sustainably. In addition, the initiative is designed to help drive the bank’s innovation pipeline.
The first five fintechs selected to participate are all pre-Series A UK based startups. Specifically, they are looking to develop their business ideas and provide innovative solutions addressing challenges in payments.
According to NatWest, the programme allows fintechs to work collaboratively with its innovation team and senior decision makers. At the same time, the fintechs will benefit from a curated scale-up curriculum and opportunity to build a meaningful network. The small cohort boasts opportunities to connect, learn and build networks with other fellow fintechs, coaches and NatWest’s innovation function.
David Grunwald, Director of NatWest Innovation, said: “We’re pleased to welcome these five fintechs onto the NatWest Fintech Growth Programme. Their solutions and remarkable potential align with our commitment to create better outcomes for our customers. Collaborating closely with such talented UK entrepreneurs not only enhances our ability to be future focused. It reinforces our dedication to fostering the growth of the innovation community.”
Lee McNabb, Head of Payments Strategy & Partnerships at NatWest added: “Payments is a network business. The days where big banks do everything themselves are over. To succeed in meeting customer needs and keeping them secure in their payment experiences we must embrace collaboration, partnership and learning through others. This is why I’m a huge supporter of the Fintech Growth programme. Working together with a talented and thought-provoking group of entrepreneurs can only bring good things for the market and our customers.”
The 5 successful fintechs
Tunic Pay
Tunic Pay is building the trust infrastructure to break the spell of scams, while also releasing good transactions. It provides Payment Intelligence to banks, constituting of typology-specific data fields and adaptive insights. It says this is all delivered dynamically throughout stages of the payment journey.
Nicky Goulimis, co-founder at TunicPay said: “We’re thrilled to deepen our collaboration with NatWest. It’s a bank that has customer safety at its core, to transform the digital payment journey to better combat tomorrow's fraud threats.”
mmob
mmob provides the tools for any business to import or export API services in any channel through their embedded finance toolkit.
Irfan Khan, CEO and founder of mmob said: “As a founder, I am looking forward to learning from the expertise of the NatWest team, especially in understanding how technology can be applied at scale to solve their customers’ problems. [And] learning from my fellow participants as we tackle challenges together.”