A new era for the bank account loans and overdrafts financial automation financial intelligence

 

The future of small business banking

No one starts a small business for love of the back office. Keeping the finances under control can be the difference between success and failure but all too often small businesses are left feeling overwhelmed. It doesn't need to be that way. Financial technology can, and should, be there to help.

The Open Up Challenge is a prize fund backing ambitious products that will help small businesses save time and money, find better services, reduce stress and discover the intelligence in their financial data. By the end of 2018, we'll have awarded £4.5m in equity-free funding to 25 financial technology companies.

Meet the teams

Take a look at the teams we've backed so far, and see who's competing in the Challenge this year.

Origins

The Open Up Challenge is backed by the Competition & Markets Authority as part of the UK's world-leading open banking agenda. Read more on the background to the prize.