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- The council brings together CEOs and founders of the UK’s largest fintech companies (unicorns and soonicorns) and aims to provide the government with key policy recommendations to support and pioneer the growth of the sector. I am.
- The council is co-chaired by Janine Hirt, CEO of Innovate Finance. Mr. Philip Bellamant (CEO of Zilch) and Mr. Charles McManus (CEO of Clearbank)
Innovate Finance, the independent industry body for UK fintech, is the first UK-based coalition of fintech unicorn founders aimed at accelerating and unlocking the growth promised in the UK fintech sector. We are launching the Fintech Unicorn Council (UCFT). The council will be co-chaired by Innovate Finance CEO Janine Hirt and will be managed by a steering committee of FinTech leaders including Zilch CEO Philip Belamant and Clearbank CEO Charles McManus.
The UK Fintech Unicorn Council will deliver key policy recommendations to protect and sustain the UK’s world-leading position in FinTech and ensure the UK is able to meet the investment and growth challenges of the next decade. Provide to the government.
FinTech is a key strategic area of the UK economy, contributing to the country’s innovation, productivity and growth. Despite a decline in investment in the sector in 2023, the UK will maintain its global leadership, securing more capital than other European countries combined, according to Innovate Finance’s latest FinTech investment landscape. ing.
The Council aims to improve policy, awareness, and liquidity in the FinTech sector by expanding the industry’s unified voice on key priorities for CEOs, investors, and board members to scale FinTech organizations. is focused on.
The Council identifies the common issues that are important for UK businesses to truly scale and grow, and engages directly with senior government officials and government officials to help these businesses understand how best policy interventions can help them. We plan to provide recommendations on how we can provide effective support. This in turn will help to increase and encourage foreign direct investment into the UK, strengthening the UK’s international competitiveness.
Co-chair:
- Philippe Bellamant, Zilch CEO
- Janine Hart, Innovation Finance CEO
- Charles McManus, CEO of Clearbank
Examples of included members are:
- TS Anil, Monzo CEO.
- Justin Bassini, ClearScore CEO.
- Shachar Bialik, CEO of Curve.
- Francesca Carlesi, CEO of Revolut UK.
- Richard Davis, CEO of Arica Bank.
- Iana Dimitrova, CEO of Openpayd
- Alasdair Haynes, CEO of Acquis Exchange.
- Louise Hill, GoHenry CEO.
- Jaydev Janardhana, Zopa CEO.
- Antony Jenkins CBE, 10x Banking CEO.
- Rishi Khosla OBE, CEO of OakNorth Bank.
- Vishal Mallya, CEO of Quantexa, said:
- Francesco Simoneschi, CEO of TrueLayer.
- Miles Stevenson, CEO of Modulr.
- Rob Straasoff, CEO of Liberis.
- Paul Taylor, CEO of Thought Machine.
The council’s ExCo will be chaired by Mike Carter, senior policy advisor at Innovate Finance, and Ryan Mendy, chief communications officer at Zilch.
Additionally, the UK Fintech Unicorn Council has joined forces at various points with the Startup Coalition’s Unicorns for Technology project, also launched today, to create the first integrated forum for UK unicorns from all sectors to unite their voice. intend to do something. It recognizes the UK’s leading innovators at the highest levels of government and policy-making. Both Innovate Finance and the Startup Coalition are focused on providing the best policy environment for core large UK technology companies (fintech and non-fintech respectively), and both organizations support these companies in scaling up. We look forward to working together to bring about the necessary policy changes. Towards even greater heights.
Janine Hart, CEO of Innovate Finance, said:
“In recent years, UK fintech has shown resilience by maintaining its position as a global investment hub, second in the world after the US and leading in Europe.
But to maintain our leadership, we must accelerate collaboration with industry, government, and regulators to ensure growing technology companies get the support they need, including active regulation and increased investment.
Today, we are delighted to launch the Unicorn Council for UK Fintech to unlock growth in the UK Fintech sector, support innovators and industry changers and attract investment. ”
Philippe Bellamant, CEO and co-founder of Zilch, said:
“As a proudly British-born company, we are excited to co-found this dedicated council for British unicorn companies. This is an opportunity to redefine how we see the tangible value of investing in the tech space. We’re talking about changing the scenario for how founders think about scaling in the UK and beyond. It’s about turning things around, changing policy and perception. I work closely with leading companies and Innovate Finance to ensure that governments, regulators and the wider We look forward to this unique opportunity to develop a policy strategy that outlines what the ecosystem needs to address on the global stage.”
The Unicorn Council will be part of the Innovate Finance FinTech Strategy Group and will collaborate with established organizations such as the Capital Markets Industry Taskforce (CMIT).
Julia Hoggett, CEO of the London Stock Exchange, who works on the Capital Markets Industry Taskforce, said:
“We welcome the creation of the Unicorn Council for UK Fintech and remain committed to working with the Council on matters of mutual interest to support the growth of the sector.”
Dom Haras, executive director of the Startup Coalition, said:
“We are delighted to support Innovate Finance’s Unicorn Council for UK fintechs, in line with the Startup Coalition’s Unicorn project. I look forward to working with all of us to achieve the critical policy changes needed to make this happen.”
said Ryan Mendy, CCO at Zilch.
“Imagine the Unicorn Council as a conveyor belt of over £50 billion, propelling today’s private companies into the limelight as tomorrow’s listed giants. There is no debate that the UK is the first choice for companies to IPO their successful ventures. Born from Zilch’s vision to build an innovative, unified voice for fintech CEOs and founders, helping ministers make the strategic policy moves that support Britain’s return to the global economic power it wants to be. Assist.”
Source: Innovation Finance
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