FinTech Wales Announces 2022 Foundry Accelerator Cohort

The FinTech Wales Foundry, the accelerator program pioneered by FinTech WalesThe nine FinTech startups have announced their acceptance into the Accelerator 2022 programme.

The Foundry: Validate Raise & Scale, 12-week, royalty-free programme, is the only accelerator of its kind in Wales, with a clear focus on helping founders overcome the challenges of successfully validating a new venture, raising funds and scaling up.

After a rigorous interview process, Foundry and his sponsors Emirate Building AssociationAnd Admiral Financial Services (AFSL), And Cardiff Capital City deal, has extended offers to nine startups from across the UK and Europe, which will start the program on 26y January. Coordinating the Accelerators will safely combine extensive and in-person digital mentoring sessions with experienced industry leaders at the Cardiff Center for the programme, Covid restrictions permitting, before culminating in an event showcasing their progress at the end of the accelerator in mid-April.

Neil Cocker FinTech Wales Foundry Program Director said: “We are delighted to welcome nine exciting startups to our Foundry 2022 programme. This year’s batch represents some of the most forward-thinking startups in financial literacy, data management, blockchain, artificial intelligence, and other challenging areas of financial with a growing need for innovation. We look forward to witnessing the transformation these startups bring to the financial ecosystem through their innovative digital solutions.”

The nine companies accepted into the 2022 FinTech Wales Foundry Accelerator are:

tropogo (United kingdom) – India’s first and only real-time Micro Drone insurance.

QuoteOnSite (Wales) Cloud-based quoting, invoicing, and messaging software for small businesses.

Monfa (Wales) – Using smart comparison services to facilitate comparison and purchase as much as possible.

yakuba (Portugal) – Blend a blockchain ticket protocol with a travel marketplace for one-click purchase to generate more revenue for promoters and rewards for audiences.

Final rents(Poland) – Helping customers find the best cheap car rental in Dubai

pomado – (United kingdomHelping first time buyers with home deposit challenges using smart checking accounts.

AGAM خدمات services – (United kingdom) – AGAM helps create financial identifiers for their clients which paves the way for entering the formal economy.

cufflink(United kingdom)Reducing the potential and impact of a data breach by controlling what can and cannot be done with personal data.

Evernock(United kingdom) – Personal assistant to manage the home buying journey. Help users take control, save time and reduce stress.

Together, the Foundry Cohort 2021 group has raised more than £9 million in investment, created more than 20 jobs, and signed deals with program partners. Part of the 2021 alumni was Sero, the Cardiff-based energy technology and services company that participated this week Received an investment of £5.5m from Wells شركة Hodge A leading financial services provider Legal and public affairs To support the transition to net zero across the residential housing sector in Wales.

Cardiff Capital said: “The 2021 result, which exceeded all of our expectations, and the quality of this year’s final batch justified our belief in the model, and our ability to attract such an exciting portfolio of startups.” Chief Operating Officer, Region City Deal, Reese Thomas. “It demonstrates the importance of both this program and the huge potential in general for the fintech startup community. It also provides a blueprint for other groups we seek to support and growth to pursue.”

FinTech Wells, CEO, Sarah Williams gardener comment: “The Welsh FinTech sector has shown tremendous resilience and success in the face of a global crisis. We have seen investments in the UK increase to $11.6 billion in 2021 (innovation finance)With regional investment growing 237% year-on-year. Cardiff, having been recognized as a growing financial technology group in cliff Report, continues to thrive.”

“Fintech Wales builds on the success of the first Fintech Wales foundry foundry accelerator, with a focus on the future and further economic growth. With this season, we will be even more vocal and proud about selected innovative FinTech companies, supporting them to successfully verify, raise and scale their scale in Wales. Through support Ongoing from our partners, Cardiff District Capital, Admiral Financial Services and the Emirate Building Society, we will aim to sign deals, create jobs and increase investment within the region.”

  • Polly Jane Harrison

    Polly is a North Wales journalist, content creator and opinion-maker. She has written for a number of publications, usually hovering around the topics of fintech, technology, lifestyle and body positivity.

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