Fintech infrastructure provider, Integrated Finance has announced the launch of its Fintech Foundation incubator. The new programme will be supported by experts from leading banking service providers across the value chain, including Mastercard, Currencycloud and Enfuce.
The Fintech Foundation will offer emerging Fintech businesses the support they need to take the next step in their growth journey. Working alongside its partners, Integrated Finance will provide businesses who are accepted to the programme with the guidance required to take a solution from ideation to launch, as well as offering access to best-in-class providers, and the technologies needed to build a truly scalable business.
The programme is designed to ensure more innovative Fintech businesses get to market and improve the provision of financial services globally.
Speaking on the launch, Alistair Cotton, CEO and co-founder of Integrated Finance commented: “We’re delighted to launch our ‘Fintech Foundation’, led by the programme’s head, Amar Kotak. The incubator will deliver the knowledge that some businesses may currently lack, enabling our participants to build effective proof of concepts, facilitate live transactions for customers, and to stand out as attractive investments for venture capital businesses in a moment of sector uncertainty.
Derren Powell, Vice President, Fintech and EMI – Business Development at Mastercard commented: “Mastercard believes in the power of collaboration and partnerships, especially within the Fintech sector. We recognise that Integrated Finance’s Fintech Foundation programme will be complemented by our wide array of services and expertise, and that could bring us closer to new businesses at the cutting-edge of the industry.
Richard Stockley, Director of Partnerships at Currencycloud commented: “Currencycloud has worked alongside Integrated Finance since shortly after its launch, and during that period, we’ve always felt a shared connection with the company’s values and outlook. So, when we heard about its Fintech Foundation incubator, we were excited to get involved.
Denise Johansson, Co-CEO at Enfuce commented: “With Integrated Finance’s Fintech Foundation programme, we saw an amazing opportunity to help other Fintechs who want to grow and scale. The incubator programme has been designed to help founders develop their companies from the ideation stage, all the way to fully-fledged business propositions centred around solid unit economics, and deep revenue streams.
In addition to the aforementioned businesses, the incubator will be backed by venture capital firms, including Octopus Ventures, 500 Global, and SuperSeed, as well as Fintech providers like ComplyAdvantage, Sumsub, Fintech Alliance and many others. At the end of the programme, which is expected in April 2023, incubator participants will have an opportunity to pitch their learnings, traction and future plans to the programme’s partners and investors.
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