JPMorganChase has opened applications for its FinTech Forward Accelerator, aiming to support early-stage U.K. startups developing scalable financial solutions.
Launched in partnership with consulting firm EY, the 12-week hybrid program runs from September to November and is open to founders tackling challenges like limited funding access and underserved market needs. Applications close on June 27.
“Our mission is to enhance the payments ecosystem and revolutionize the flow of money, information, and assets,” said Veronique Steiner, Head of EMEA Innovation Economy at J.P. Morgan Payments. She encouraged underrepresented founders and business leaders to apply.
The program offers mentorship from JPMorgan executives, investor pitch opportunities, and a two-day immersive session at the firm’s Glasgow tech hub. Eligible startups must have a live product with market traction and annual revenue under £1 million.
This initiative comes amid declining investment in U.K. startups, which raised only £16.2 billion in 2023—down from previous years—prompting some founders to turn to the U.S. for support. In contrast, U.S. tech startups secured over £65 billion in 2024, marking a 71% jump.
Highlighting this trend, Mati Staniszewski, co-founder of AI firm ElevenLabs, noted that forming a Delaware corporation helps U.K. startups attract U.S. venture capital.
Meanwhile, investor interest in FinTech is resurging, bolstered by Circle’s IPO and increased funding across infrastructure, B2B, and digital lending platforms.
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News Source: Pymnts.com
