As the demand for innovative financial services continues to grow, Manchester’s FinTech scene has emerged as a hub for startups, entrepreneurs, and investors. With a thriving ecosystem of companies, ranging from peer-to-peer lending platforms to smart finance apps, Manchester is playing a significant role in driving financial innovation across the UK. In this article, we showcase 15 FinTech companies in Manchester that are making a difference in the industry.
Assetz Capital: Bridging the SME Funding Gap
Assetz Capital is a marketplace lender that provides its services for SME finance, bridging, and property development sectors. With over £1 billion lent to date, the company is bridging the funding gap for small and medium-sized businesses across the UK.
BankiFi: Disrupting the Business Banking Space
BankiFi is a business technology firm that provides services to banks and other financial institutions. The company’s platform helps banks to deliver new and innovative services to their business customers, including cash management, invoicing, and payments.
Algbra: A Next-Generation Values-Focused Fintech
Algbra is a values-focused FinTech that offers a mobile banking app designed to help users align their spending with their values. The app provides users with a personalised dashboard that tracks their spending and enables them to donate to charity automatically.
AccessPay: Streamlining Corporate Banking
AccessPay is a provider of embedded corporate banking solutions. The company’s platform enables banks to offer their corporate customers a wide range of payment services, including automated clearing house (ACH), wire transfers, and direct debits.
Bank North: Revolutionising Business Lending
Bank North is a digital bank that provides a range of lending services to businesses across the UK. The company’s platform leverages the latest technology to offer fast and efficient lending decisions, helping businesses to access the finance they need to grow.
Collctiv: Simplifying Group Payments
Collctiv is a Techstars portfolio company that provides a group payments platform. The platform enables groups of consumers to collect and spend money together, making it easy to split bills, plan events, and manage expenses.
FROST: Making Personal Finance Simple
FROST is a smart app that helps users slash their utility bills, take control of their spending, and save money on foreign exchange. The app provides users with personalised recommendations and insights, enabling them to make smarter financial decisions.
PollenPay: Enabling Seamless Payments
PollenPay is a financial technology-driven payments company that enables consumers to purchase products seamlessly. The company’s platform provides merchants with a range of payment options, including buy now, pay later, and installment plans.
BlockHosts.io: Transforming Hospitality
BlockHosts.io is a blockchain-based platform that enables hotels and other hospitality businesses to offer seamless check-in and other services to their customers. The platform leverages the latest blockchain and mobile app technologies to offer a secure and convenient experience for customers.
HelloSoda: Predicting Credit Ratings and Fraud Potential
HelloSoda is an analytics and big data FinTech that helps businesses to predict their customers’ credit ratings and potential for fraud. The company’s platform uses machine learning and AI to provide businesses with real-time insights into their customers’ behaviour and creditworthiness.
DueCourse: Getting Small Businesses Paid On Time
DueCourse is a FinTech that helps small businesses get paid on time by creating and sending ‘smart’ digital invoices to their customers in seconds. The platform automates the invoicing process, enabling businesses to get paid faster and more efficiently.
Hydr: Providing Quick Invoice Financing
Hydr is a digital platform that offers 100% invoice financing to SMEs within 24 hours. The platform leverages the latest technology to offer a fast and easy solution to cash flow problems faced by many small businesses, providing them with the funding they need to keep their operations running smoothly.
Conferma: Digitising Payment Processes
Conferma Pay is a global financial technology company that helps businesses digitise payment processes. The company’s platform offers a range of payment solutions, including virtual credit cards, to simplify payment processes and reduce costs for businesses.
Finstant: Accurate Cash Flow Forecasting
Finstant is a cash flow forecasting software platform that builds accurate cash flow forecasts by turning business decisions into numbers. The platform provides businesses with a comprehensive view of their cash flow, helping them to make informed financial decisions.
uqudo: Empowering Users to Control Their Data
uqudo’s mission is to develop cross-border and cross-industry digital ecosystems where the user is in control of their data. The company’s platform offers identity management and insurance technology services, helping users to protect and manage their personal information.
Conclusion
From peer-to-peer lending to mobile banking apps and blockchain-based platforms, Manchester’s FinTech scene is brimming with innovative companies that are driving change in the financial services industry. These 15 companies are just a few examples of the vibrant FinTech ecosystem in Manchester, and we can expect to see many more exciting developments from this dynamic community in the years to come. Whether you’re an entrepreneur, investor, or simply someone interested in the future of finance, Manchester’s FinTech scene is definitely worth watching.
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