• Apr. 26, 2017, 8:10 pm

Anthemis, Exponential Ventures launch UK financial wellness incubator

Financial services firm Anthemis and investment company Exponential Ventures have united to form a financial wellness incubator. Erica Young, an industrial designer and serial entrepreneur who joined Anthemis in 2015, leads the team and reports to the Anthemis-Exponential Ventures executive board.
The new collaboration depends an already established relationship between the two companies. Launched in 2016, Anthemis-Exponential Ventures has invested in four financial wellness startups to date. Intelligent savings platform ABAKA allows employers to improve their employees’ financial well being. Online banking service Monese focuses on improved banking. Qapital is an app that helps users set goals and improve savings habits. Payoff is a financial wellness company employing science, psychology and technology to improve user financial wellness.

“The pace of technological change, coupled with our ambition to deliver financial wellness, requires us to think differently, to collaborate and co-create.” Exponential Ventures managing partner Dan Smith said. “Solving hard, intractable problems at scale needs world-class thinkers and doers to break down traditional product/market silos, navigate evolving regulatory landscapes and develop tech sophisticated in its ability yet elegantly simple for the user.”

“At Anthemis, we have a front-row seat to the challenges all sides of the ecosystem face when driving innovation forward,” founder and CEO Nadeem Shaikh said. “And we know there is no ‘magic bullet’ that will solve a large institution’s challenge to transform its business to meet the demands of the information age. The venture partnership, like all of our services within our advisory group, helps to instill new behaviors inside companies so that people – the real drivers of innovation – can come together to make change happen.”

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