Integrated Finance launches Fintech Foundation incubator

The new program will be supported by experts from leading banking service providers across the value chain, including Mastercard, Currencycloud and Enfuce.

The ‘Fintech Foundation’ will offer new Fintech companies the support they need to take the next step in their growth journey. Working with its partners, Integrated Finance will provide companies accepted to the program with the guidance required to take a solution from concept to launch, as well as offering access to best-in-class suppliers and the technologies needed to build a truly scalable business. The program has been developed to ensure that more innovative Fintech companies enter the market and improve the offer of financial services globally.

The unique programme, which will run for 12 weeks from January 2023, will feature several participants from across the Fintech sector. The incubator will give companies all the support they need to bring their ideas to market. In addition, participants can attend workshops led by the incubator’s partners and will have access to one-on-one support from experts across topics critical to business success, including the importance of user experience, financing, regulatory and compliance, as well as currency and revenue optimization .

Speaking about the launch, Alistair Cotton, Managing Director and Co-Founder of Integrated Finance said: “We are delighted to launch our ‘Fintech Foundation’, led by the program’s Head, Amar Kotak. The incubator will deliver the knowledge that some businesses may currently lack and make enabling participants to build effective proofs of concepts, facilitate live transactions for customers and stand out as attractive investments for venture capital firms at a moment of sector uncertainty.To do this, our focus is on helping companies that can demonstrate genuine customer demand for their product, as well as an ability to scale.”

By emphasizing the importance of scalability and customer demand, Integrated Finance’s ‘Fintech Foundation’ is different from many previous incubators. By leveraging its ability to provide Fintech startups with a relevant core banking stack and bring together Fintech providers from different verticals, Integrated Finance has removed many of the common pitfalls associated with stalled launches and instead designed an incubator that enables Fintechs to take their offering to the next level. More importantly, startups don’t have to struggle with the underlying technology that would typically take months to build.

Derren Powell, Vice President of Fintech and EMI – Business Development at Mastercard commented: “Mastercard believes in the power of collaboration and partnership, particularly within the Fintech sector. We recognize that Integrated Finance’s Fintech Foundation program will be complemented by our broad range of services and expertise, and that can bring us closer to emerging businesses at the forefront of the industry. The program will deliver the education, insight and access needed by businesses across the sector. By doing this, the incubator provides the necessary infrastructure to make Fintechs easier to build and scale.”

Richard Stockley, Director of Partnerships at Currencycloud commented: “Currencycloud has worked with Integrated Finance since shortly after launch and over that period we have always felt a shared connection with the company’s values ​​and vision. So when we heard about the Fintech Foundation incubator, we were delighted to be involved. With our support, Fintech startups on the program can quickly develop and implement scalable cross-border and FX solutions as part of their product offering, enabling more cost- and time-efficient go-to-market strategies. The program really emphasizes the importance of collaboration, which is so important to us.”

Denise Johansson, Co-CEO of Enfuce commented:
“With Integrated Finance’s Fintech Foundation program, we saw a fantastic opportunity to help other Fintechs looking to grow and scale. The incubator program is designed to help entrepreneurs develop their companies from the idea stage, right through to full-fledged business propositions centered around solid unit economics and deep revenue streams. As such, this program has the potential to be a real game changer in the world of Fintech. We look forward to leveraging our expertise together with Integrated Finance and the other partners involved to generate some tremendous results.

In total, Integrated Finance’s ‘Fintech Foundation’ will be supported by nine partners from across the Fintech sector and beyond. In addition to the aforementioned businesses, the incubator will be supported by venture capital firms including Octopus Ventures, 500 Global and SuperSeed, as well as Fintech providers such as ComplyAdvantage, SumSub, Fintech Alliance and many others. At the end of the program, which is expected in April 2023, incubator participants will have an opportunity to pitch their learnings, traction and future plans to the program’s partners and investors.