These tech startups selected by Tech Nation could help boost the financial industry

Of the ten tech startups who have won Tech Nation’s Rising Stars competition this year, three could have applications for the financial industry.

The ten winners, which also included artificial intelligence and tech for good companies, was hand-picked by a panel of tech industry experts. The winning startups were selected out of almost 400 startup pitches.

The Rising Stars competition is a way for Tech Nation to showcase some of the UK’s most promising tech startups. “It’s great to see such a diverse group of entrepreneurs from all over the UK involved in this competition and I’m excited to find out what’s next for these world-leading tech firms of tomorrow,” said Matt Warman, digital minister.

Apart from the prestige, the winers will receive business plan diagnostic, pitch training and the opportunity to pitch their product in from of over 200 investors, accelerators, entrepreneurs and corporate leaders.

Moreover, they will also be able to tap in to the Rising Stars alumni network and receive several speaking opportunities.

The FinTech company ClearGlass was one of the three companies selected that could improve the financial industry. The company provides a digital intermediary between asset managers and pension funds. It collects underlying costs and performance data from asset managers and helps pension funds decide which is the best fund to invest in for their members. “We are growing at a pace faster than we thought we would in our start-up journey and recognition from Tech Nation is definitely a strong endorsement,” said Ritesh Singhania, CEO of ClearGlass,.

The digital marketplace for online and offline voucher codes Shopper.com was the second company selected that had a financial element to its name. “We’re delighted to be a winner of Tech Nation’s Rising Star Competition. As we just kickstarted our fundraising, it will certainly give a boost to our profile among the investor community,” said Sonu Bubna, co-founder and CEO of Shopper.com.

Cybersecurity is increasingly becoming a huge concern for financial firms. The rise of the internet of things and connected devices have created another opportunity for laptop-wielding larcenists to try to break into businesses’ digital platforms.

That is where the third winner worth mentioning to the FinTech industry comes in. Foundries.io is addressing security and device management for connected devices. The start is a self-service cloud solution that provides turnkey services to develop, secure, deploy and maintain embedded IoT and Edge compute products. They enable secure IoT devices and provide lifetime software maintenance at a fraction of current costs. “We are delighted that Foundries.io has been recognised as a winner at the 2020 Rising Stars Final event and we look forward to bringing our secure IoT software platform to more customers as we grow over the coming years,” said George Grey, CEO of Foundries.io.

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