Lloyds Banking Group opens applications for Launch Innovation programme to discover potential FinTech partners
- Launch Innovation is a 12-week programme to collaborate with FinTechs and InsurTechs
- Successful applicants will work with the Group to develop their business
- Top applicants will be invited to run a commercial experiment with Lloyds Banking Group, with a possible further partnership
- Last year’s participant, Caura, received a £4milllion investment from the Group
Lloyds Banking Group’s Launch Innovation programme announces its return, to cultivate up-and-coming FinTech and InsurTech companies.
The 12-week programme provides an opportunity for FinTechs and InsurTechs to benefit from expert guidance from Lloyds Banking Group, helping them further develop their business. At the end of the course, the most successful applicants will be invited to run a commercial experiment in partnership with Lloyds Banking Group, with a possible potential further partnership.
The Launch Innovation 2022 programme was enormously successful, with applicant Caura, receiving a £4m investment from the Lloyds Banking Group FinTech Investment team[1].
Applications for 2023 are now open and those selected to join the cohort will have access to senior management and subject matter experts, who will give invaluable insights into working with large financial institutions. Applications will also be reviewed by the Group’s FinTech Investment Team, who have funds to invest in seed to Series B businesses.
Kirsty Rutter, FinTech Investment Director at Lloyds Banking Group, said:
“We have an ambition to become the best bank for FinTech and InsurTechs to work with and we recognise that better collaboration with FinTechs and InsurTechs is key to delivering exceptional service and enhancing our capabilities.
We are really looking forward to hearing from this year’s applicants and how we might work together to build the bridge between the needs of our business and personal customers, and the FinTech community.”
-ENDS-
About Lloyds Banking Group
Lloyds Banking Group is the largest UK retail and commercial financial services provider with around 26 million customers and a presence in nearly every community. Our main business activities include retail and commercial banking, general insurance, and long-term savings, provided through well recognised brands including Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows.
Our purpose is Helping Britain Prosper. We have served Britain through our products and services for more than 320 years, across every community, and millions of households. Our success is interwoven with the UK's prosperity, and we aim to Help Britain Prosper by operating as a responsible, sustainable, and inclusive Group.
