Many Crowdfunding, P2P Platforms, Join Innovate Finance Founding Members

Innovate FinanceAnnounced just this past week, Innovate Finance is a new industry body for the fast grow tin UK FinTech industry. The representative group was backed by over 50 financial industry participants including big names in the crowdfunding industry such as Crowdcube & SyndicateRoom.  Peer to peer lensings included leading names like RateSetter and LendInvest.  The new disruptive forms of finance were joined by such industry stalwarts like Lloyds, IBM, HSBC, Barclays and many more.

Launched by the Chancellor of the Exchequer, the City of London Corporation and the Canary Wharf Group, Innovate Finance wants to be the voice of UK fintech.  The new entity wants to support the new era of technology led financial services and champion the UK as the global center of financial innovation.

Claire CockertonClaire Cockerton, CEO and Director of Innovate Finance, was quoted as saying;

“The time has come for radical transformation of the financial services industry. Whether you are a consumer, banker or young entrepreneur – we all see enormous potential for innovation and growth in the financial services sector. Innovate Finance will be a pro-active members organisation dedicated to convening and accelerating visionary innovators, leading with our founding members. “While London and the UK provide the right talent, expertise, and market conditions, we believe our collective entrepreneurial spirit will lead us to compete and prosper on a global stage.

“Today, the organisation launches with our founding members, who will benefit from coming together beneath a powerful new brand to connect with key policy officials, industry influencers, investors, talent – and, most significantly, each other.”

Innovate Finance will act as an independent membership-based industry organization.  Membership is open to all businesses that have a technology-centric approach to innovation in financial services and a presence in the UK.

Founding 50 Member Companies:

  1. Aviva
  2.  Azimo
  3. Bankable
  4. Barclays
  5. Closir
  6. Coinfloor
  7. Contego
  8. Crowdcube
  9. Crowdbnk
  10. CrowdShed
  11. Currency Cloud
  12. Derivitec
  13. Digital Shadows
  14. Duedil
  15. Elliptic
  16. Essentia Analytics
  17. eToro
  18. Fleximize
  19. GamBond
  20. GoCoin
  21. HSBC
  22. IBM
  23. IWOCA
  24. Lending Works
  25. LendInvest
  26. Lloyds
  27. MasterCard
  28. Meniga
  29. Microexchanges
  30. miiCard
  31. Money Mover
  32. Monitise
  33. Nutmeg
  34. OnTrees
  35. OpenFin
  36. Percentile
  37. Ratesetter
  38. RBS
  39. S&P Capital IQ
  40. Santander
  41. Silicon Valley Bank
  42. Swift
  43. Syndicate Room
  44. Telefónica
  45. TradeRiver Finance Ltd
  46. TransferGo
  47. Transferwise
  48. Trillion Fund
  49. Urica
  50. Utilidex
  51. Visa
  52. Xcordis
  53. Yoyo


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