Fintech start-up funding initiatives launched

Hannah Baker
·2-min read
a woman using a laptop on a dining room table set up as a remote office to work from home
-Credit: (Image: Joe Giddens/PA Wire)


Two initiatives aimed at providing more cash to growing fintech firms in the Bournemouth, Christchurch and Poole region are being launched. The schemes, announced by FinTech West’s South Coast Hub, will bring together potential investors with start-ups from the region.

The first initiative will establish a fintech-focused group of angel investors who will provide pre-seed funding. The second initiative will bring a group of early-stage venture capital firms to the region to showcase the fintech ecosystem and the businesses operating locally. The idea is to help develop early-stage businesses with initial traction into fully fledged companies.

Joe Parkin, managing partner of FinTech Growth Fund who is leading the programme, said: “Over the last two years, foundations of a successful fiintech ecosystem have been laid in the area, and now is the time to bring capital and expertise to help the successful development of these early-stage businesses.”

Matthew Stammers, chair of FinTech West South Coast Steering Group Board, added: “In the past, there have been few technology-based funding vehicles specific to our region. The South West has been known for its thriving fintech community, so fostering growth here is vital.

“We’re looking to connect successful entrepreneurs who have experience of scaling high-growth businesses themselves and who have a strong connection to the region, with the next generation of founders looking to establish their businesses here. We’d love to hear from anyone looking to invest, or anyone looking to start their businesses here.”

FinTech West’s South Coast Hub was formed in early 2024 in collaboration with Bournemouth, Christchurch and Poole (BPC) Council and Bournemouth University, and is supported by Barclays Eagle Labs Bournemouth. It is led by an eight-strong steering group who represent local areas of expertise or need.#

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