FinTech Five – Top Stories in Welsh Fintech – 14th May 2024

Welcome to FinTech Five, a fortnightly look at the best articles, news, and insights from FinTech Wales members and the Financial Services industry across the UK.

Zero Opens Waiting List for New Bank Focused on Climate Change

Welsh startup, Zero, a pioneering financial institution committed to addressing climate change, has officially launched. By integrating innovative banking solutions with eco-friendly practices, Zero aims to make sustainability an integral part of financial services. The new bank is designed to support customers who are keen to make positive environmental choices through their banking activities. This strategic initiative not only aligns with global sustainability goals but also taps into the growing consumer demand for eco-conscious financial products.

Read the full story here on LinkedIn

Wagonex Announces First Transatlantic Subscription Platform

Cardiff-based Wagonex, a leader in vehicle subscription services, has announced the expansion of its platform to the United States, marking its first transatlantic venture. This strategic move underscores Wagonex’s ambition to redefine car ownership on a global scale and highlights its commitment to innovation and customer flexibility in the automotive industry. The new platform will cater to the evolving needs of consumers on both sides of the Atlantic, offering a diverse fleet and flexible terms.

Read the full story on Business in the News

Finalrentals Secures £5M Export Deal

Finalrentals, a graduate of the FinTech Wales Foundry, has successfully secured a £5 million export deal, showcasing the global potential of Welsh fintech innovation. This milestone not only highlights Finalrentals’ growing influence in the international market but also reinforces the strength of FinTech Wales’ support ecosystem in facilitating significant business achievements for its members.

Read more about this achievement on Insider Media

De Novo Solutions and Validient Triumph at Startup Awards

Celebrating excellence in the startup ecosystem, De Novo Solutions and Validient, both members of FinTech Wales, have won prestigious awards at a recent startup event. Their success not only highlights the innovative spirit of Welsh fintech firms but also underscores the significant impact these companies are making in the financial sector, both locally and globally.

Discover more about their achievements on Business Live

Vantage Data Centers at Former Ford Engine Plant

In a significant development, Vantage Data Centers, a FinTech Wales member, has taken over the huge former Ford Engine Plant in Bridgend. This move is set to transform the site into a state-of-the-art facility, leveraging cutting-edge technology to enhance digital infrastructure in Wales. The initiative reflects Vantage Data Centers’ commitment to innovation and their role in promoting Wales as a key player in the global digital economy.

Learn more about this development on Wales Online

Until Next Time

This concludes this week’s edition of FinTech Five. Remember to join us every two weeks for the latest news highlights from our FinTech Wales membership and wider FinTech ecosystem.