Capital One is stepping up its investment in the fintech scene with the launch of 'Growth Labs', an accelerator programme for early-stage start-up and high-growth companies
Operating from the company's Nottingham HQ and working in partnership with corporate innovation specialist and tech investor L Marks, Capital One is inviting startups to pitch for one of six slots available on the ten-week programme.
Stuart Marks, chairman at LMarks, says: “There are a number of fintech initiatives being established around the UK, but none are aiming to deliver such meaningful engagement with a potential partner and customer. It’s very difficult for start-ups working in or with the financial services industry to navigate its complex regulatory environment. Capital One Growth Labs will give teams dedicated business support focussed on education, strategy and partnership - all essential to becoming successful in this field.”
The launch of the accelerator follows the news earlier this month that Capital One is to hire an additional 200 software engineers and tap into London's thriving tech scene by relocating its City Office to Silicon Roundabout.