Mark Anderson
The climate for banking and lending start-ups in the UK has never been hotter. Despite the ongoing challenges that the global economy faces, numerous young businesses in the lending industry have made their debut in and around the London region since 2020. With aspirations to revolutionise the digital lending market, these companies are employing innovative strategies, cutting-edge technologies, and fresh approaches to lending. Let us explore these standout companies in more detail.
All set up headquarters in London, and their operations span across industries such as consumer lending, financial services, Fintech, embedded systems, and more. Using smart technology and AI-driven platforms, they are dramatically improving the lending experience for consumers and businesses alike.
Each start-up, with their unique offerings and innovative business models, is striving to disrupt the traditional lending process. From cloud-native technology for mortgage lenders to Artificially Intelligent (AI) alternative payday loans, let’s take a closer look at these burgeoning companies set to disrupt the lending landscape in the UK and potentially, globally.
Mast
Mast is a pioneering start-up building cloud-native technology to aid mortgage lenders in underwriting more applications, saving costs, and offering an unprecedented degree of digital service. The company creates a seamless lending experience, a testament to the synergy of its founders; Henry Stanley, Joy Joseph Abisaab, and Robert Stronach. More on Mast can be found on their LinkedIn page.
Euler
Euler is a fintech start-up that houses a non-custodial protocol on Ethereum. This all-new approach allows users to lend and borrow nearly any crypto asset. More details on their cryptocurrency lending operation can be found on their LinkedIn page.
CreditSCRIPT
CreditSCRIPT is revolutionising banking by offering automated B2B focussed financial solutions. Co-founders Aisha Sudally, Michael Arnaldi, and Navilan Narasimhan have created a platform that provides a multi-currency account for easy and affordable currency exchange for sole traders and businesses. Their LinkedIn provides more information on their unique offering.
Investcorp-Tages
Investcorp-Tages is a leading lender in the financial services and hedge funds industry based right in London, whose LinkedIn profile can be found here.
Abound
Abound, founded by Dr Michelle He and Gerald Chappell, is a lending start-up offering an AI-driven alternative to costly payday loans by leveraging the UK’s new Open Banking standard. Get a more granular view on their profile here.
Plend
Founded by James Pursaill and Robert Pasco, Plend operates on the concept that one-size credit does not fit all. With unique credit scoring and affordable loans, they ensure fair access to credit facilities. LinkedIn page holds more details about their work.
OnLadder
OnLadder aims to make property ownership accessible to everyone. Founded by Cameron Orcutt and Samuel Hatley, the firm provides customers multiple options in terms of saving their money, providing them a list of options, and increasing convenience. Check out their LinkedIn page for more.
eMaisha Pay
Founded by John Kiwanuka and Sserubiri Uhuru, eMaisha Pay is transforming the lending process by providing easy, quick, and affordable non-collateral loans to micro and small businesses. Check out their business model in more detail here.
Atempo Growth
Atempo Growth is a venture debt manager providing funds to high-potential technology firms in the UK and Europe. Founded by Jack Diamond, Luca Colciago, and Matteo Avramov Giulivi, the company’s full profile can be viewed here.
FlowPayment
FlowPayment offers innovative solutions in the lending, payments, and risk management industry. Further information on their operations can be accessed from their LinkedIn page.
BorrowingWell
BorrowingWell, founded by Luke Bussey and Tom Malley, is a lending start-up offering its services in accounting, consulting, and financial services. Click here to know more about their unique approach to lending.
These promising start-ups have the potential to redefine lending in the UK. Through innovation and a customer-centric approach, they are paving the way for a more efficient, modernised lending landscape.
