Barclays to wind down fintech accelerator programme Rise by “mid-2025”
British bank Barclays is winding down Rise, the fintech accelerator programme launched by the bank in 2015 to help global fintech start-ups grow and form partnerships with large financial institutions. The news was first reported by Axios last week.
Barclays set to wind down Rise
In a statement sent to FinTech Futures, a spokesperson from Barclays says: “We have made the decision to wind down Rise and associated academies by mid-2025.”
According to its website, the Rise Academy has produced over 120 graduates, including the likes of ApTap, WealthOS and iWarranty.
The initiative provides resources, mentorship and networking opportunities throughout two locations in London and New York, as well as a virtual community in India.
FinTech Futures understands that Rise’s London members will have the opportunity to transfer their memberships across to Barclays Eagle Labs and Barclays Business Banking, which will take over the facilities at the London site.
The Barclays spokesperson says: “When Barclays established Rise a decade ago, fintechs were predominantly niche start-ups disrupting the financial services industry. Fast-forward to today, the fintech community is a core part of the financial ecosystem and there is a wealth of opportunity to partner and collaborate.”
“We remain committed to the global fintech ecosystem and will continue to play an important role scouting, partnering and investing, in fintech companies,” the spokesperson continues.
