We’re delighted to announce that Fuelled have been selected for the prestigious Fintech 5.0 Accelerator Program by Technation!
Tech Nation’s six-month government-backed Fintech programme was created to support fintech and insurtech companies in the UK. 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.
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. The Fintech 5.0 cohort includes an ethical investment platform which is committed to addressing climate emergency (Abundance), a credit card that helps young people build credit to jumpstart their futures (Keebo), and a platform to help people set up a Will and digital end-of-life plan to make things easier for loved ones left behind (Kinherit).
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!”
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.
Steven Darrah, founder of Fuelled said: “We’re ecstatic with this announcement as we know just how hard it is to get involved. Fuelled were only one of two companies selected in the South West, which shows the level of competition we had to fend off. We’re hoping this really helps us accelerate our growth throughout the UK and Europe, as well as giving us the tools we need to really build something special.”
We can’t wait to get started later this month, on what is a massive opportunity for Fuelled.