CAPABILITY AND INNOVATION FUND
Capability and Innovation Fund empower eligible bodies to improve the financial products and services. Capability and Innovation Fund also encourages to improve capability to compete with RBS in providing banking services to SMEs. Capability and Innovation Fund is managed by BCR and consists a total of £425 million which is divided into four pools, Pool A, Pool B, Pool C, and Pool D. Pool A enables the development of advanced business current account offerings and ancillary products for SMEs,... giving preference to beneficiaries with an established business current account offering. Pool B enables the modernization of existing business current account offerings or the development of new ancillary product propositions. Pool C enables the expansion of business offerings to include, lending, or international payments services. Lastly, Pool D, which enables the commercialization of financial technology that is relevant to SMEs.
CAPABILITY AND INNOVATION FUND
Industry:
Banking Business Development Finance Financial Services FinTech Government
Founded:
2019-05-01
Status:
Active
Email Addresses:
[email protected]
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Current Employees Featured
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2021-10-20 | Cashplus | Capability and Innovation Fund investment in Grant - Cashplus | 5 M GBP |
| 2021-10-20 | Swoop | Capability and Innovation Fund investment in Grant - Swoop | 2.5 M GBP |
| 2020-10-07 | Virgin Money | Capability and Innovation Fund investment in Grant - Virgin Money | 35 M GBP |
| 2020-09-23 | MarketFinance | Capability and Innovation Fund investment in Grant - MarketFinance | 10 M GBP |
| 2020-08-18 | ezbob | Capability and Innovation Fund investment in Grant - ezbob | 2.5 M GBP |
| 2020-08-18 | Funding Xchange | Capability and Innovation Fund investment in Grant - Funding Xchange | 5 M GBP |
| 2020-08-18 | Previse | Capability and Innovation Fund investment in Grant - Previse | 2.5 M GBP |
| 2020-08-18 | tomato pay | Capability and Innovation Fund investment in Grant - tomato pay | 2.5 M GBP |
| 2020-08-18 | Onfido | Capability and Innovation Fund investment in Grant - Onfido | 5 M GBP |
| 2020-08-18 | Codat | Capability and Innovation Fund investment in Grant - Codat | 2.5 M GBP |