InvestCloud Inc. launches fintech accelerator in Soho, London

The London InvestCloud Innovation Center will be based off the corporate's LA HQ and will help start-ups interested in fintech innovation

InvestCloud Inc., the global fintech corporate, has launched an accelerator and incubator at its European headquarters in Soho, London.

The London InvestCloud Innovation Center will offer both start-ups and established enterprises interested in fintech the chance utilise the global firm’s tech and learn from industry experts.

Based off InvestCloud’s global headquarters in Los Angeles, businesses will receive guidance and instruction from a host of banks and wealth managers in order to help them deliver “digital wealth management solutions”.

Resident start-ups will be able to avail of their own InvestCloud Sandbox – which contains over 200+ InvestCloud financial apps, over 2,000 APIs, integrated market data and more.

Last August, a report by GP Bullhound revealed that the UK has more billion dollar fintech start-ups than any other country in Europe, and is beaten only by the US and China globally.

The UK’s three fintech unicorns include the Startups 100 listed  Funding CircleTransferwise as well as payments company Paysafe.

The news comes just a day after Wayra Fair By Design announced it is opening a tech accelerator in Oldham specifically targeting start-ups interested in tackling the growing problem of  poverty premium.

Speaking on the launch of InvestCloud’s Soho accelerator, Rajesh Agrawal, deputy mayor for business, said:

“InvestCloud’s decision to launch a FinTech incubator and accelerator in the heart of our great city is further evidence that London is open for business and innovation.

“As a FinTech entrepreneur, I know from experience London is the ideal location to grow a start-up, with an unrivalled talent pool and a time zone which overlaps with other financial centres, among many other advantages.

“That is the message I took on my trade mission to the West Coast of the US last week and I’m delighted that companies like InvestCloud continue to invest in London and recognise our city as a global business powerhouse.”

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