Nesta Challenges will be distributing up to £300k each to 12 to 15 fintechs, promoting their products in a national digital marketing awareness campaign, and offering expert non-financial support to help accelerate product development and user adoption.
The Open Up 2020 team will be speaking at the Manchester Digital Fintech Forum on 12th September, followed by one-to-one support sessions to discuss applications in more detail on Friday 13th. Book your slot with Entrepreneur-in-residence Sarah Tierney and for any further questions please contactopenupchallenge@nesta.org.uk
This prize follows directly on from the first Open Up Challenge, a prize fund which ran from 2016 to 2018 backing the next generation of fintech products and apps for UK small businesses. Since being selected to Open Up 2018, two winners (Fluidly, Funding Options) have raised £5M+ investment rounds, three winners (Swoop, Funding Options and Fluidly) have been awarded £5m each as part of the RBS Alternative Remedies Package, and all six have announced significant user traction milestones.
Applications are open until October 2nd 2019 and guidance on how to apply can be found at https://openup.challenges.org/apply/.
