fbpx

GBEA fintech disruptors celebrated

We’re feeling really proud of our community at GBEA HQ this week after a number of winners and two of our partners were named on the 100 FinTech Disrupters 2020 list.

Previous winners, GoodBox, Soar and Onfido were voted in the top 100 from a shortlist of 248 businesses. Meanwhile, our headline partner Starling Bank topped the list, and premium partner Funding Options featured in the top 30.

GoodBox was voted 64th on the list. Its founders, Francesca Hodgson & Andrew O’Brien, picked up the Entrepreneur for Good Award at the North West regional final in 2019. GoodBox is tackling the decline in cash charity donations with contactless fundraising technology that allows individuals to donate to charities in seconds at the touch of their card.

Soar was voted the 70th top fintech disruptor of the year. Its founder, Andrew Duncan, was named Scale-Up Entrepreneur of the Year for Scotland in 2019. Soar is designed to build a better financial society through technological innovation.

Onfido reached 92nd place. Its founder Hussayn Kassai is our most recent winner on the list. He was named Young Entrepreneur of the Year London and the East of England for 2020 at the virtual regional final that took place last Wednesday. Onfido helps financial businesses to verify their users through facial recognition technology.

Reacting to the news that Starling Bank had been voted the top fintech disruptor in 2020, founder and chief executive Anne Boden said: “Starling has an established SME bank and toolkit and we have done more than £1 billion of lending. This puts us on a path to profitability and means we expect to break even by December 2020. We do not just rely on interchange.

“At £3.3bn, our deposit base is significantly higher than other digital banks in the UK, even though we have fewer customers. Our customers hold much higher average balances, suggesting that more of them use us as their primary bank account.”

Funding Options was voted in 29th place. Its award-winning technology searches the market to find the right funding options for a business’ situation. It takes minutes, there’s no obligation, and it’s easy to use. Led by Simon Cureton, Funding Options joined us this year as a premium partner supporting the Pivot Entrepreneur of the Year category.