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Tech Nation has revealed the latest companies to join its Future Fifty programme.听

During UK Fintech Week, it said more than a third of the companies joining this year鈥檚 programme听鈥� eight out of 22 –听are听FinTechs听and听InsurTechs.听

The companies –听PrimaryBid, Liberis,听Monese, Moneybox, Tide, Bought听By听Many, Marshmallow and Tractable听–听have raised $769m between them to date.听

Future Fifty is Europe鈥檚 leading late-stage growth programme, designed to bring together, empower and accelerate the growth of the most successful tech companies in the UK.听听

Programme alumni include Monzo, Starling Bank, Darktrace, among others. 131 companies have taken part in the programme since its inception, collectively raising $11 billion, with nine companies going on to IPO.听

The 22 companies joining the programme are driving the growth of UK tech. Companies hail from across the UK, and from a broad range of tech sub-sectors, including FinTech, EdTech, HealthTech and eCommerce.听听

On average, new companies in this year鈥檚 cohort are growing by more than 1,029% year-on-year, a 140% increase on last year, with average annual revenues at a staggering 拢23m, 305% higher than in 2020.听听

Rt Hon Rishi Sunak MP, Chancellor of the Exchequer, said: 鈥淭he UK tech鈥檚 sector is set to be the cornerstone of UK economic growth after the pandemic, and the companies in this year鈥檚 Future Fifty cohort are a shining example of our nation鈥檚 innovation, entrepreneurship and resilience.听听

鈥�Nurturing the growth of these scaling companies at such a critical stage is a national priority, as these are the businesses who are already shaping our future both locally and globally.鈥澨�听

Data suggests听FinTechs听are on track for strong growth this year. While investment into听FinTech dipped in 2020 to $4.5bn, in the first quarter of 2021 UK听FinTechs听have already raised $6bn, more than the whole of 2020, and matching record investment seen in 2019.听听

FinTech adoption remains rapidly on the rise in the UK, with the recent growth of听FinTech scaleups accelerated by more traditional companies鈥� embracing new technologies.听听

As set out in the Tech Nation Report 2021, the UK is Europe鈥檚 biggest听FinTech hub by employees and investment, second only to the US globally.听听

The 2021 Future Fifty cohort听

PrimaryBid听

Fintech听| Founded in London in 2016 | Series B | 110听employees听

PrimaryBid鈥檚听mission is to empower individual investors in the public markets by removing obstacles to their participation in corporate fundraisings, enhancing fairness and transparency. In partnership with the London Stock Exchange and Euronext,听PrimaryBid鈥檚听technology enables individuals to join corporate fundraisings on equal terms with institutional investors.听PrimaryBid听has delivered retail inclusion to听a number of听landmark UK FTSE capital raises in 2020, including Compass Group, Taylor Wimpey and Segro, and following a $50 million Series B fundraise in October 2020 is expanding internationally. In 2021,听PrimaryBid听launched its digital IPO product used in the Community and Customer Offers for Deliveroo, Parsley Box, Cellular Goods and Pension Bee.听

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Moneybox听

Fintech听| Launched in London in 2016 | Series C | 200听employees
Moneybox is the award-winning app on a mission to help everyone save and invest for their future. Launched in 2016 by co-founders Ben Stanway and Charlie Mortimer, the company has experienced rapid growth, and today has over 拢1 billion in assets and a community of more than 500,000 customers. Offering a range of saving and investment products including Stocks & Shares ISAs, savings accounts and pensions, Moneybox enables customers to set money aside in the way that suits them best using round ups, regular deposits or one-off payments, whilst popular tools such as the Time Machine help them keep their savings on track.听

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Liberis听

Fintech听| Founded in London in 2007 | Series B | 120听employees
Liberis is the only embedded business finance platform provider with a proven record of working with partners in the UK and across the globe. It is their mission to end the SME funding gap via our embedded flexible finance solutions which have helped 16,000 SMEs with more than 拢500 million in funding. Their API-powered platform enables acquirers, marketplaces and software providers to quickly and easily embed finance solutions within their existing ecosystems, enabling intuitive and accessible finance experiences for SMEs across the globe.听

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Tide
Fintech听| Founded in London in 2015 | Series B | 600听employees
Tide is a business banking platform on a mission to save small business owners time (and money) on their banking and admin. The Tide business bank account is connected to听a number of听tools to help small businesses make payments, manage expenses and invoices, and conduct their accounting quickly and easily.听

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Monese
Fintech听| Founded in London in 2015 | Series B | 247听employees
Monese听is a mobile app alternative to banks, with an account you can open quickly and easily.听Monese鈥檚听accounts are multi-currency, multilingual and localised.听Monese听is available across Europe and was launched in 2015 by Norris Koppel.听

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Bought By Many
Insurtech听| Founded in London in 2012听|听Series C | 250 +听employees听

Bought By Many creates unique, quality pet insurance cover to help pet parents take care of their pet’s health. Founded in 2012, the听insurtech听launched its market-leading pet insurance policies in 2017 with the mission to create a better kind of insurance experience for pet owners. Bought By Many now looks after almost half a million pets in Europe and the US.听

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Tractable
Insurtech听| Founded in London in 2014 |Series C | 170听employees
Tractable develops artificial intelligence for accident and disaster recovery. Its market-leading AI solutions use photos to automate damage appraisal, allowing insurers to improve accuracy, reduce turnaround time, and deliver a revamped customer claims experience. Tractable has processed hundreds of thousands of auto insurance claims, positively impacting people鈥檚 lives across the world, and the company is backed by $55 million in venture capital, with offices in London, New York and Tokyo.听

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Marshmallow
Insurtech听| Founded in London in 2017| Series A | 100听employees听

Marshmallow is a licensed insurance carrier, powered by technology. They’re rebuilding insurance for good and offer their customers cheaper, faster and fairer insurance by utilising the latest technology, data and AI.听

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MyTutor听

Edtech听| Founded in London in 2013 | Series B | 166听employees听

MyTutor offers one-to-one tuition that鈥檚 proven to boost teens鈥� grades and confidence. The tutors are all subject听experts, and听handpicked from UK universities – just 1 in 8 who apply make it onto the platform. Lessons are offered in over 30 subjects from Key Stage 2 through to A Level, and give teens the chance to review tricky topics, fill in learning gaps and be coached in exam technique by tutors with recent exam experience.听

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Luminance听

Artificial intelligence | Founded by mathematicians from Cambridge University in 2015 | Series B | 100听employees听

Luminance is a market-leading artificial intelligence platform for document review. Using a combination of supervised and unsupervised machine learning to read and form an understanding of legal documentation in any language or jurisdiction, Luminance听is able to听identify clauses, anomalies and a range of key data points. Luminance vastly expedites and improves insight during document reviews across a wide range of practice areas, from assisting corporate lawyers to helping in-house teams and litigators. The technology is used by over 300 organisations in 55 countries worldwide, including all four of the Big Four accountancy firms and over one-fifth of Global Top 100 law firms.听

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Immersive Labs听

Cybersecurity | Founded in Bristol in 2017 | Series B | 200 employees听

Immersive Labs is empowering organizations to equip, exercise, and evidence human cyber capabilities. With Immersive Labs, organizations can align their human assets with actual cybersecurity risks, battle-test teams against real-world threats and crises, and track and report cyber skills. Immersive Labs are backed by Goldman Sachs and Summit Partners, and their customers include some of the largest companies in the world across financial services, healthcare, government, and more.听

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Global App Testing听

Software Development Tool,听Founded in London in 2014 | Series A | 85 employees听

Global App Testing provides best-in-class functional web and app testing for engineering and QA teams at companies such as Facebook, Google, Microsoft, and many more. Global App Testing uses a blend of crowdtesting and intelligent automation to help their customers release high-quality software anywhere in the world.听

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Peak听

Decision Intelligence and Artificial Intelligence | Founded in Manchester in 2014 | Series B | 180 employees听

Founded in 2014, Peak is helping the world’s smartest companies put the power of AI at the centre of all commercial decision-making, with Decision Intelligence, a brand new category of AI-driven software and services. Peak is already helping the likes of AO, ASOS, PepsiCo, Speedy and Aludium unlock the value of their data听to听start bringing certainty to their decision making, powered by AI.听

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Sorted听

Retail tech | Founded in Manchester in 2014 | Series B | 114 employees听听

Sorted is a global SaaS company, giving retailers full control of their delivery management 鈥� whether that鈥檚 optimising checkout delivery options, enhancing carrier management in the warehouse or providing market-leading post-purchase CX. Sorted鈥檚 software is live in 19 countries around the world, offering access to a carrier library of 1000+ services.听

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Attest听

Data Analytics & 老九品茶 Intelligence | Founded in London in 2015 | Series B | 130 employees听

Great companies put consumers and data at the heart of every decision. Attest makes this possible for every business, continuously, at global scale. Through Attest鈥檚 SaaS platform, hundreds of companies access audiences of over 100 million consumers across ~45 countries to learn about consumers鈥� needs, understand live trends, enter new markets, validate decisions, develop new products and services, measure brands, track competition, and ultimately – grow.听

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Echo听

Healthtech | Founded in London in 2015 Series A | 300 employees听

Echo helps over 450,000 NHS patients manage their medicine, with easy ordering, free delivery and regular reminders.听

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Ultraleap听

Interactive Technology | Founded in Bristol in 2013 | Series C | 160 employees听

Ultraleap develops solutions that allow people to engage with the digital world naturally. Their core technologies are hand tracking that tracks your hand in 3D space and allows you to interact with digital content, and mid-air haptics that use ultrasound to add the sense of touch in mid-air. These technologies enable touchless and hygienic solutions that are applicable to a range of industries, including extended reality (VR & AR), digital signage, kiosks, automotive, industrial automation, consumer electronics and entertainment.听

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Pure Planet听

Entech | Founded in Bath in 2015 | Series A | 165 employees听

Pure Planet is Britain鈥檚 first digital green energy supplier. Pure Planet is a Which? recommended energy provider 2020, and the first domestic supplier to offer 100% renewable electricity and 100% carbon offset gas.听

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Tharsus听

Robotics | Founded in Blyth, Northumberland in 2007 | 204 employees听听

Tharsus is a designer and manufacturer of game-changing advanced machine and robotic solutions 鈥� Strategic Machines. Its technology tackles steep automation challenges, solves tough business problems, and drives real 鈥榮trategic鈥� impact for customers, helping them to gain competitive advantage in the automation age. Tharsus has delivered robust and progressive automation solutions for some of the best businesses around the world, including DHL, Ocado, BMW and Small Robot Co.听

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Push Doctor听

Healthtech | Founded in Manchester in 2013 | Series C | 75 employees听听

Push Doctor鈥檚 mission is to empower people to engage with health on their terms. They work in partnership with NHS practices, PCNs and CCGs across the country to provide the platform and technology to allow safe and secure video consultations with NHS GPs. Push Doctor鈥檚 partnership approach empowers patients and clinicians to leverage the benefits of our digital solution, and their technology fully integrates with NHS clinical systems to ensure a continuity of patient safety and care.听

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Streetbees听

Data Analytics & 老九品茶 Intelligence | Founded in London in 2014 | Series B | 138 employees听

Streetbees reveals how people behave, and why, by analysing real-life moments collected from its worldwide users. Over 3.5 million users 鈥� or 鈥榖ees鈥� 鈥� across 190 countries worldwide use the chat-style Streetbees app to share moments from their daily lives via videos, photos and text. Through applying advanced natural language processing technology to the results, Streetbees uncovers not just what they do, but also why they do it, and what drives them 鈥� and predicts what they may do next.听

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Depop听

Ecommerce | Founded in London in 2012 | Series C | 350 employees听

Depop is the fashion marketplace where the next generation buy, sell and get inspired. Depop is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. Depop is a team of nearly 300 people, all dedicated to their company鈥檚 mission of empowering the next generation to transform fashion.听

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