SHIFT Community Update #33
Partnerships, Pilots and Hiring!
Hey SHIFT Community, here’s your update on all things SHIFT
Valentine’s Day is tomorrow
Here is my love letter to Open Banking…
SHIFT Updates
🔨 Fintech Foundations. Tuesday 27th February, 13:00-18:00 GMT, London; Let your fintech thrive with classes from industry leaders. Social Branding with Linkedin, Fundraising legals from Howard Kennedy, GTM from Alexander Ford, and Partnerships with 2112 Marketing.
🛍️Building Societies Annual Conference. 7th-8th May, Birmingham; This is the place to be to reach Decision-Makers at Building Societies. We provide a discounted SHIFT stand each year, but spaces are first come first serve
🍽️ SHIFT x OakNorth Fintech Leaders breakfast; Last week we co-hosted an exclusive breakfast, bringing together some of the most exciting founders and investors shaping the future of fintech. If you want to find out more about OakNorth’s business banking and its growing network of entrepreneurs then please let me know.
🌐 Expanding Horizons: Middle East Fintech Opportunities; On Tuesday we hosted a webinar to support Fintechs interested in internationalising to the Middle East. With two panels of experts representing Dubai and Saudi Arabia, it was one to remember. If anyone wants to find out more then please let me know.
Member Updates
👋 Some awesome new SHIFT members, so make sure to say hi on Slack
Chris Ryalls with Trusek, offering a complete ready for service Fintech back-end white label platform that powers modern financial services with ease and scalability.
James Robson the Founder and CEO of FundOnion, a debt finance search engine for businesses looking to raise capital ranging from £10k - £1M from alternative lenders and UHNWs.
💸Yavr.io raises $2.4 million to fuel their mission to bring embedded banking to the enterprise resource planning (ERP) space.
💸Serene raises £930,000 Pre-seed led by Fuel Ventures, with participation from NatWest Group, Oxford Seed Fund.
💸Money Squirrel closes £185,000 Pre-seed round to power small businesses to take control of their cash flow through automated savings
🤝Propflo partners with Mastercard to power small businesses to become more sustainable.
💪 Doshi launches pilot with Santander to upskill and build financial confidence for users, especially when making decisions about their money.
💼Many SHIFT members are hiring! (see more in #talent on slack):
Tumelo are currently looking to fill a number of roles, including; VP Engineering, Data/Software Engineer, Senior Cyber Security Engineer/Lead. Full details here
Wollette are looking for a SaaS Sales Executive, with B2B2C sales experience and previous experience selling to SMEs, and financial institutions.
Vouchsafe are looking for a Senior Software Engineer. Apply here
If you have news that you want to be included here then make sure to post it in the #news-and-views channel on Slack or tag Kyle in your posts!
Resource Recommendation
FinTech Investment Landscape 2024
Global FinTech investment fell 20% to $43bn in 2024 compared to 2023
UK FinTech investment fell 37% to $3.6bn in 2024 compared to 2023
The UK maintains its FinTech investment leadership position as second globally and first in Europe, attracting more capital than anywhere else in the world other than the United States, and more capital than the next 5 European countries combined.
In 2024, global FinTech investment experienced a 20% decline, totalling $43 billion across 6,400 deals, down from $54 billion in 2023.
Despite this downturn, the United Kingdom maintained its position as the second-largest recipient of FinTech investment globally, securing $3.6 billion, which is a 37% decrease from the previous year. The United States continued to lead, attracting $22 billion in FinTech investments, accounting for approximately 47% of the global total.
Overall, while the global FinTech investment landscape faced a downturn in 2024, the UK's ability to retain its position reflects its strong foundation and commitment to advancing financial technology.
If there are any resources you find enjoyable, useful, or interesting then let me know :)