SAXO PAYMENTS BANKING CIRCLE SUPPORTS MERGING PAYMENTS ASSOCIATION NEW MEMBERSHIP FOR EARLY STAGE FINTECHS

The Emerging Payments Association (EPA), with the support of its Benefactor, Saxo Payments Banking Circle, has launched a new membership category called EPA ScaleUp Membership for early-stage FinTech and PayTech companies.

This three-year membership package is designed for ambitious FinTech companies with limited budgets who are looking to grow their businesses and innovate more effectively. EPA ScaleUp Membership enables FinTech companies wanting to participate in the emerging payments community to access the UK’s leading community of payments influencers and thought leaders. Members will receive special services tailored exclusively for early-stage businesses to accelerate their growth and will be able to take advantage of the EPA’s network of payment prospects, partners, and suppliers at a subsidized membership rate for the first two years.

To be an EPA ScaleUp Member, a start-up must meet the following criteria:

• Provide products and/or services within financial services
• Be run by owner-managers
• Have been registered less than two years ago
• Annual turnover of less than £1m equivalent
• Have raised less than £1m investment
• Is not a current member of the EPA

“The UK is terrific at starting FinTechs. Now we’re helping them scale up. Our community is supporting its newest FinTech players and we’re proud to provide a full EPA growth service, tailored for smaller firms, at only 25 % of the normal price,” says Tony Craddock, Director General of the EPA.

Craddock continues, “This is clear evidence that our community promotes competition. We’re de-risking growth in a market where open banking and PSD2 are creating opportunities for agile, innovative players – like our EPA ScaleUp members – to thrive.”

Anders la Cour, CEO of Saxo Payments Banking Circle, and EPA Advisory Board member, states: “We’re at a critical juncture in terms of growth in the emerging payments sector and it’s crucial that everything possible is done to help businesses wanting to enter this marketplace. Membership of EPA ScaleUp will be hugely beneficial to businesses of all sizes, removing many of the most substantial barriers to international trade.

“Banking Circle is helping to deliver a FinTech Regulation Helpline service to help FinTechs navigate new payments-related regulations. To provide essential support for start-ups, Banking Circle is also offering a special rate for international fund transfers for EPA Fintech ScaleUp members.

“We are excited to be involved in the project from such an early stage, and believe that by becoming a benefactor of Project International Trade, Banking Circle can play a crucial role in empowering businesses to trade cross-border without barriers.”