NatWest unveils five UK start-ups for inaugural Fintech Growth Programme
NatWest has revealed the five start-ups selected to take part in its first Fintech Growth Programme, a ten-week initiative aimed at developing solutions to “lead the future” of banking and payments.
The start-up founders alongside NatWest’s David Grunwald and Lee McNabb (Image: NatWest)
Launched in December 2024, the bank says the programme includes a mix of “workshops, mentoring and coaching” featuring NatWest’s Innovation team and “senior decision makers” and will enable the participating fintechs to tap into the bank’s “resources, expertise and networks” with the aim to help support the start-ups to scale up their businesses sustainably.
The five fintechs, selected after a “rigorous process of pitches, presentations and interviews”, are:
- Ask Silver, a provider of scam-checking tools
- Aperidata, an open banking-powered credit reference agency
- mmob, an embedded finance solutions provider
- Tunic Pay, an APP fraud prevention tech vendor
- Sprive, a savings app for homeowners
Lee McNabb, head of payments strategy and partnerships at NatWest, states: “Payments is a network business and the days where big banks do everything themselves are over. To succeed in meeting customer needs and keeping them secure in their payment experiences we must embrace collaboration, partnership and learning through others.”
The five start-ups are all pre-Series A, with mmob raising £5 million in seed funding in 2022, and Aperidata securing a £1 million investment from UK paytech PayPoint in 2024.
