London is a sprawling economic hub that boasts a mind-boggling 750 FinTech companies. The “Big Smoke” represents 84 percent of the UK’s VC, CVC, and PE investment volume, making it a desirable place for startups to find their financial feet. Looking for investors? Connections? Opportunities? Here are 6 FinTech accelerators in London you need to know about in 2020.
A list of FinTech accelerators for startups in London
Below you will find the most interesting FinTech accelerators for startups based in London.
- Bethnal Green Ventures
- Barclays Accelerator
- Accenture Fintech Innovation Lab
Smack-bang in trendy Shoreditch, Seedcamp calls itself “Europe’s seed fund,” and this isn’t an exaggeration. London FinTech company identifies and invests in early-stage companies and establishes connections through its network of partners. There’s an emphasis on European founders, but Seedcamp, founded in 2007, has a truly global reach and has powered FinTech companies like Revolut and TransferWise.
Founded in 2011, Ignite is one of the leading accelerator programs in the world. It has invested in more than 150 companies so far and even partnered with Google. With backing from the European Union, their three-month pre-accelerator and six-month accelerator programs provide you with the resources you need to scale your business. Ignite offers investment opportunities to FinTech accelerators worldwide, so you don’t need to be a UK-based company.
What to expect: £20,000 in exchange for 8 percent equity.
If you’re a FinTech startup based around a good cause, Bethnal Green Ventures wants to hear from you! This accelerator provides investments to companies that want to change the world. There’s a focus on sustainable and democratic tech, but this accelerator is open to all ideas, with an intensive program that runs twice a year. Launched in 2010, Bethnal Green Ventures offers mentorship and educational opportunities as well as funding.
What to expect: £20,000 in return for 6 percent equity.
The name says it all. This accelerator attracts FinTech startups looking for investment and mentoring opportunities in London. The super-intensive 3+3 month program connects 10 selected companies with more than 100 industry experts and office space in the middle of London. Startupbootcamp was founded in 2010.
Powered by Techstars, Barclays Accelerator is an award-winning 13-week program based in New York City, Tel Aviv, and, of course, London. Lucky startups will get access to Rise, the largest FinTech co-working space in the capital and the chance to meet the world’s most influential investors. Alumni include credit score company Aire and cloud-based payroll service Dotpay, as well as a number of Code & Pepper partners: Fibourne, Nimbla, Oathello and Simudyne.
What to expect: Up to £120,000 for 6 percent equity.
The FinTech Innovation Lab London has been an annual accelerator program started and conducted by Accenture since 2012. It operates by offering zealous, newly-founded companies business mentoring for three months, as well as chances for networking with banking giants and good advice from experienced entrepreneurs. What drives the London branch of FinTech Innovation Lab is the opportunity to be close to promising projects at the very beginning.
Besides the word “London” in its name, the accelerator program accepts applications from the whole world.
FinTech accelerators in London – your thoughts
So that’s our curated list of 6 places to drop by. Do you have any experiences connected with these accelerators? Or maybe you’ve benefited directly from their initiatives, just like some of our clients? Tell your story on our Facebook profile! If you feel like this post might prove useful to other founders and business owners you know, feel free to share it with them. Sharing is caring, and we deeply care about the growth of the FinTech community.