FinTech Growth Fund
Peel Hunt is acting as Sole Financial Adviser to the FinTech Growth Fund
Providing a vital injection of capital to Growth Stage UK FinTech.
The FinTech Growth Fund has been created to deliver one of the key recommendations of the 2021 Kalifa Review of UK FinTech. Commissioned by the UK government to assess how the sector can continue to have the resources and business environment it needs to thrive, it called for a new fund to support the strong cohort of growth companies that have already been founded in the UK but need more private funding to scale.
Problem - UK’s best FinTechs remain underfunded
- The UK is a global leader in UK FinTech, with 3,000+ FinTech companies
- Few UK funds can support growth stage FinTechs through to IPO
Review - The Kalifa Review identified a £2bn gap in funding
- Strategic FinTech review commissioned by the UK Chancellor identified a £2bn gap in funding for UK’s growth stage FinTechs
- A key recommendation of the review was the launch of a £1bn FinTech Growth Fund
Funding gap increased
- The best UK FinTechs have remained underserved and subject to exits before they realise their full potential
- UK domestic VC remains concentrated in the early stage
The Solution - up to £1bn FinTech Growth Fund
Ready to supercharge the best-in-class FinTechs. Dedicated to investing in UK Growth-Stage FinTechs.
Talent, experience, pipeline and partners in place to deliver success
FinTech Growth Fund Management Team & Advisory Board
Lord Philip Hammond - Chairman
Philip has had a distinguished career in British politics as a Member of Parliament from 1997 to 2019. He held a range of senior cabinet posts, most recently serving as Chancellor of the Exchequer from 2016 to 2019. Prior to this, he served as Foreign Secretary (2014-2016), Defence Secretary (2011- 2014) and Transport Secretary (2010-2011). He was awarded a life peerage by HM The Queen in July 2020.
Before entering Parliament in 1997, Philip had a wide-ranging business career spanning the house-building and property, healthcare equipment and oil and gas sectors.
As Chancellor of the Exchequer, Philip focused on the long-term productivity challenges facing the UK economy and was a strong advocate for the Financial Services sector, and especially for the fast-growing fintech sector. He championed the cause of SMEs and the need for greater access to long-term growth capital to allow successful British start-ups to scale up in the UK, rather than seeking capital overseas.
Management Team: Co-Managing Partner & CIO
Former Global Head of Corp Dev & Strategic Investments at Nomura and former Global Head of Principal Investments at Morgan Stanley and BNP Paribas.
Management Team: Co-Founder & Co-Managing Partner
Former Managing Director at BlackRock - Head of Banks, Digital Channels, and UK Inorganic. Previously leading UK iShares and Digital Wealth.
Former Executive Director and UK Head of Payments, Partnerships & Industry Relations at Square; Former Managing Director and Global Head of FinTech Partnerships & Strategic Innovation Investments Director at HSBC.
Management Team: Co-Founder and Co-Managing Partner
CEO of FinTech Alliance and former Group Strategy Director at Pollinate. Former Head of Global Markets HM Treasury.
Alastair Lukies CBE
CEO of Pollinate, Monitise founder, Co-founder of Motive Partners.
Baron Gerry Grimstone
Former Chair of Barclays, former Minister for Investment
Baroness Helena Morrisey
Chair of AJ Bell and the Diversity Project
MD for Retail & Savings at M&G, previously CFO
Dame Jayne-Anne Gadhia
Founder of Snoop and former CEO of Virgin Money
Founder and former Group CEO of Embark Group
Founder and CEO of PensionBee
Sir Charles Bowman
Advisor to PwC, Former Lord Mayor of London
Peel Hunt’s snowballing FinTech franchise momentum in 2023
- 15 Companies
- >100 Attendees
FinTech marketing to US investors
- 14 Institutions met