UK accelerator Tech Nation has named several FinTech companies in its latest Future Fifty programme, which helps late-stage digital businesses foster growth.
A total of 15 companies have been invited to the latest cohort, spanning the FinTech, CyberTech, e-commerce, gaming, PropTech, sales, healthcare, events, education, autonomous vehicle, sports and location sectors.
The firm claims the companies in the programme are looking to increase their headcount by an average of 60% over the next 12 months. As for international growth plans, Japan is the most common, followed by Canada, Germany, South Africa and China.
One of the FinTech companies named in the new cohort is payment technology developer Form3. The company, which closed a $106m Series C round in September, is a cloud-native payment processing platform, which also offers clearing and settlement services.
Another FinTech in the group is MYPINPAD. The company transform any mobile device into secure payment terminals and supports card present payment experiences. The final FinTech company in the programme is Wagestream, a financial wellbeing platform aimed at workers.
Also in the Tech Nation programme is Tessian, a cybersecurity solution that automatically predicts and removes advanced threats on email caused by human error, such as accidental data loss, data exfiltration and phishing attacks.
Tech Nation founding chief executive Gerard Grech said, “The companies selected to join this year’s Future Fifty programme are a shining example of the UK’s entrepreneurship, innovation and resilience.
“The UK tech sector is the cornerstone of our economic growth, the 15 companies joining Future Fifty 10.0 collectively employ over 5,000 people and have raised almost $1.6bn in venture capital investment. Based across the UK, nurturing the growth of these scaling late-stage tech companies is critical to future proofing the UK’s economy.”
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