Integrated Finance sets up fintech incubator to help businesses scale

Fintechs taking part will be able to attend partner-led workshops and receive one-to-one support from experts for advice, including user experience, funding and revenue optimisation 👇

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Integrated Finance sets up fintech incubator to help businesses scale

Fintech infrastructure provider Integrated Finance has launched an incubator to help more fintech businesses get to market and improve the supply of financial services globally. 

The Fintech Foundation incubator is a free 12-week programme starting in January, supported by nine partners, including Mastercard, Currencycloud and Enfuce.    

Fintechs taking part will be able to attend partner-led workshops and receive one-to-one support from experts for advice, including user experience, funding and revenue optimisation. 

Speaking on the launch, Alistair Cotton, chief executive officer and co-founder of Integrated Finance, said: “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, business development at Mastercard, said: “We recognise the 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.”  

The incubator will focus on fintechs that can demonstrate a demand for their product and an ability to scale. At the end of the programme, participants will be able to pitch their future plans to partners and investors. 

The key benefits of the Fintech Foundation are to remove pitfalls that usually stall launches, to provide core banking solutions and supply the necessary technology needed by businesses to scale, according to Integrated Finance. 

Richard Stockley, director of partnerships at Currencycloud, which recently became Integrated Finance’s preferred foreign exchange partner, said: “Fintech startups on the programme can quickly develop and implement scalable cross-border and FX solutions as part of their product offering, enabling more cost- and time-effective go-to-market strategies.” 

The programme is designed to take ideas all the way to “fully-fledged business propositions centred around solid unit economics and deep revenue streams”, said Denise Johansson, co-chief executive officer at Enfuce. 

Venture capital firms such as Octopus Ventures, which led Integrated Finance’s £2m seed funding last year, and fintech providers, including ComplyAdvantage and Fintech Alliance, are backing the new incubator. 

Image: Integrated Finance