FinTech Wales Foundry

Scale In Wales

The FinTech Wales Foundry is a unique, not for profit collaboration designed to scale the next generation of digital ventures in Wales. We leverage the collective experience of the FinTech Wales ecosystem to act as a force for good to help founders, partners, and investors.

About Us

We know that Wales is the best place in the UK to scale your FinTech.

That’s why FinTech Wales created the Foundry. Each year we run two distinct programmes – an incubator for start-ups and an accelerator for scale-ups – entirely equity free and without cost to founders. 

The FinTech Wales Foundry is an active collaboration between some of Wales biggest institutions and tech’s largest forces to drive jobs, deals, and investment.

Each year our partners select several companies from our application data to join our programmes and work on signing a deal together – be it partnership, investment, distribution, or something else. 

The Foundry supports these companies by providing them with free access to perks, mentors, training and everything else they might need to successfully #ScaleInWales. At the end of each programme we share our results at the Foundry Demo Day. 

Once part of the Foundry alumni, participating companies and founders can expect ongoing support from the FinTech Wales ecosystem beyond the life of the programmes.

Our Programmes

No equity, no nonsense.

The FinTech Wales Foundry operates two distinct programmes a year, each designed for founders to extract maximum value with minimum distractions. Both our incubator and accelerator programmes are equity free, corporate led, and deal focused whilst providing access to the same level of perks and mentorship.

You are a START-UP

looking to develop an MVP

You have an idea, pitch deck and maybe the beginnings of a team. Over the course of several months we will help you validate your idea, get it to market and refine your pitch, people, and processes to become investor ready. 

You are a SCALE-UP

looking for a corporate partner

You are already have at least seed funding and validated market fit and now you are looking for world domination (via Wales). In 12 weeks we will pair you with one of our leading financial institutions and connect you with an international consortium of VCs and investors. 

Our Impact

Recent accelerator application results.

151

Applications received

27

Applications from Wales

28

Countries represented

52

Had seed or revenue

Our Alumni

Meet our first accelerator cohort.

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Sero

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Voltric

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Zing

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Viaduct

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Yimba

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ShipShape

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Wagonex

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Laytrip

Our Partners

Who's involved?

Created with founding partners Admiral Pioneer, Principality Building Society, and Cardiff Capital Region, the Foundry now works with more than 25 supporting organisations. Each has agreed to lend time, expertise, or resources to our founders for free on the understanding that, by working together, we can achieve more for Wales.

Admiral Pioneer

Founding Partner

Admiral Pioneer

Principality Building Society

Founding Partner

Principality Building Society

Cardiff Capital Region

Founding Partner

Cardiff Capital Region

Google Cloud

Google Cloud

Amazon Web Services

Amazon Web Services

IBM

IBM

Microsoft for Startups

Microsoft for Startups

Stripe

Stripe

EY

EY

Salesforce

Salesforce

Welsh Government

Welsh Government

Capital Law

Capital Law

Innovate UK

Innovate UK

SeedLegals

SeedLegals

Hubspot

Hubspot

BGF

BGF

Cardiff Council

Cardiff Council

Merkely

Merkely

Deloitte

Deloitte

Twilio

Twilio

High Growth Knowledge Company

High Growth Knowledge Company

Red Hat

Red Hat

M-SParc

M-SParc

Tramshed Tech

Tramshed Tech

Development Bank of Wales

Development Bank of Wales

Cardiff University

Cardiff University

British Business Bank

British Business Bank

Global Welsh

Global Welsh

Real Inbound

Real Inbound

Illustrate Digital

UX and tech consultancy specialising in financial services

Illustrate Digital

Louise O'Shea

CEO @ Confused.com

Louise O'Shea

Chris Adelsbach

Founder @ Outrun Ventures

Chris Adelsbach

Carol Hall

Regional Manager @ Angels Invest Wales

Carol Hall

Eileen Burbidge

Partner @ Passion Capital

Eileen Burbidge

Thomas Bull

UK Head of FinTech @ EY

Thomas Bull

Rachel Hillier

Partner @ Capital Law

Rachel Hillier

Nigel Morris

Managing Partner @ QED Investors

Nigel Morris

Pryderi ap Rhisiart

Managing Director @ M-SParc

Pryderi ap Rhisiart

Hannah Waters

Investor @ BGF

Hannah Waters

Aled Miles

CEO @ Sauce Labs

Aled Miles

Anthony Rose

Founder & CEO @ SeedLegals

Anthony Rose

Mike Hope

Insurance Enterprise CTO @ IBM

Mike Hope

David Rozier

Director @ Deloitte

David Rozier

Kim Jones

Director @ High Growth Knowledge Company

Kim Jones

David Parker

David Parker

Arman Eshraghi

Professor @ Cardiff University

Arman Eshraghi

Cai Gwinnutt

CTO @ Tramshed Tech

Cai Gwinnutt

La-Chun Lindsay

Welsh Government Envoy

La-Chun Lindsay

Ben Joakim

Head of Strategy @ Principality

Ben Joakim

Julie Barber

Founder @ Spark! Consulting

Julie Barber

Farhan Lalji

Investor @ Anthemis

Farhan Lalji

Julie Collins

Founder @ CollinsCollins

Julie Collins

Gino Brancazio

Senior Entrepreneur Engagement Manager @ Tech Nation

Gino Brancazio

Brady Last

Managing Director @ EY Breakthrough

Brady Last

Lynsey Walden

Co-Director @ Front Door Communications

Lynsey Walden

Julian Wells

Director @ Whitecap Consulting

Julian Wells

Ian Brewer

Chairman @ Skunks Works

Ian Brewer

Janos Barberis

Founder @ SuperCharger Ventures

Janos Barberis

QED Investors

QED Investors

Matthew Hyde

Director @ Recruit 121

Matthew Hyde

Simon Hitchcock

Investment Manager @ Deloitte Ventures

Simon Hitchcock

Tony Dowling

Co-Founder @ Real Inbound

Tony Dowling

Bonnie Buchanan

Professor @ University of Surrey

Bonnie Buchanan

Russell Fisher

COO @ Admiral Pioneer

Russell Fisher

Alex Pughe

Associate Director @ City Executive Search

Alex Pughe

Alex Murphy

Head of Marketing @ Admiral

Alex Murphy

Adrian Jones

Director @ The Alacrity Foundation

Adrian Jones

Iain Mansfield

COO @ Principality

Iain Mansfield

Paul Bryant

Paul Bryant

Karl Foster

Head of Legal @ Credas

Karl Foster

Rachael Bayona

Senior Business Development Manager @ Welsh Government

Rachael Bayona

Bethan Bannister

Senior Manager for Wales @ British Business Bank

Bethan Bannister

Claudine Ang

Investor @ Ang.el Capital

Claudine Ang

Frank Y Owusu

Ecosystem Developer, EMEA & Global Emerging Markets @ Twilio Startups

Frank Y Owusu

Tech Nation

Tech Nation

Simon Baker

Developer Advocate @ IBM

Simon Baker

Sadique Maskeen

Associate Director @ EY Breakthrough Incentives

Sadique Maskeen

Ellie Marsh

Market Assessment and Insight Lead @ Admiral

Ellie Marsh

Eamon Tuhami

Founder & CEO @ X8IQ

Eamon Tuhami

Anne-Claire Lo Bianco

Community & VC Manager @ Microsoft for Startups

Anne-Claire Lo Bianco

Siôn Tudur

Partner @ Loosemores Solicitors

Siôn Tudur

Alex McLaren

Senior FinTech Manager @ EY

Alex McLaren

James Logan

Director @ Merkely

James Logan

Sarah Williams Gardener

CEO @ Fintech Wales

Sarah Williams Gardener

Tashi Gyaltsen

Computer Sciences @ Swansea University

Tashi Gyaltsen

Tramshed Design Centre

Tramshed Design Centre

Lewis Pitman

UX/ UI Designer @ Tramshed Design Centre

Lewis Pitman

Ian Coupland

Head Of Design @ Tramshed Tech Design Centre

Ian Coupland

Edith Szendrodi

Programme Manager @ Microsoft for Startups

Edith Szendrodi

Matthew Roberts

Startup Partner @ Stripe

Matthew Roberts

Edward Jones

Economics Lecturer @ Bangor University

Edward Jones

Oliver Woodhouse

Associate (FS Regulatory | Fintech | Insurtech | Cryptoassets) @ Capital Law

Oliver Woodhouse

Andrew Mazeika

Solicitor @ Capital Law

Andrew Mazeika

Charlotte Gregory

Senior Associate @ Capital Law

Charlotte Gregory

Catrin Povey

Associate @ Capital Law

Catrin Povey

Jordan Thomas

Associate @ Capital Law

Jordan Thomas

Christopher Coughlan

Senior Associate @ Capital Law

Christopher Coughlan

Maria Coggins

Partner @ Capital Law

Maria Coggins

Angharad Aspinall

Associate @ Capital Law

Angharad Aspinall

Rebecca Mahon

Employment Solicitor @ Capital Law

Rebecca Mahon

David Lewis

Partner @ Capital Law

David Lewis

Phillippa Ellis

Senior Associate, Business Crime and Investigations @ Capital Law

Phillippa Ellis

Alexander Franklin

Human Resources Business Partner @ Capital People Consultants

Alexander Franklin

Michael Bolous

Paralegal, Banking & Finance @ Capital Law

Michael Bolous

Sarah Drew

Solicitor @ Capital Law

Sarah Drew

Jennifer Hill

Head of ECRM @ Admiral Group

Jennifer Hill

Dan Pierce

Principal Product Manager @ Veygo UK

Dan Pierce

David Lloyd Roberts

Principal Product Manager @ Veygo UK

David Lloyd Roberts

Mike Long

Chief Executive Officer @ Merkely

Mike Long

Jonathan Coull

Creative Director @ Merkely

Jonathan Coull

Bruce Johnston

Head of Digital Marketing @ Merkely

Bruce Johnston

Ryan Joyce

Head of FinTech UK&I @ Salesforce

Ryan Joyce

Sarah McKenna

Account Executive, Start Up Financial Services @ Salesforce

Sarah McKenna

Simon Williams

Commercial Disputes @ Capital Law

Simon Williams

Damon Chapple

Founder @ Sonovate

Damon Chapple

Carrie Gwyther

Commercial Disputes Solicitor @ Capital Law

Carrie Gwyther

Aristos Peters

CEO & Founder @ D-Risk It

Aristos Peters

D-Risk It

D-Risk It

Vanessa Carey

Managing Director @ Venturer Consultancy

Vanessa Carey

Venturer Consultancy

Venturer Consultancy

David Barton-Grimley

Director @ Capgemini Invent

David Barton-Grimley

Paragon Brokers

Paragon Brokers

Eloise Morgan

Director of UK FI @ Paragon Brokers

Eloise Morgan

Ed Ventham

Cyber & Fintech Insurance Specialist @ Paragon Brokers

Ed Ventham

Barry Maxwell

UK Start Up Business, Financial Services & FinTech @ Salesforce

Barry Maxwell

Alex Christen

Senior Associate Employment and Immigration @ Capital Law

Alex Christen

Sarah Morgan

Trainee Solicitor @ Capital Law

Sarah Morgan

LimestoneGrey

LimestoneGrey

Matthew Jones

Managing Director @ LimestoneGrey

Matthew Jones

Lisa James

Marketing Manager @ LimestoneGrey

Lisa James

Mazuma

Mazuma

Lucy Cohen

Co-Founder @ Mazuma

Lucy Cohen

Mark Hipperson

Founder & CEO @ Ziglu

Mark Hipperson

Alacrity Foundation

Alacrity Foundation

Wil Williams

CEO @ Alacrity Foundation UK

Wil Williams

Adrian Jones

Director @ Alacrity Foundation UK

Adrian Jones

Caroline Thompson

Head of Partnerships @ Alacrity Foundation UK

Caroline Thompson

Anna Gordon

Go to Market Partnerships UKI @ Hubspot

Anna Gordon

Nicholas Richards

Head of Investor Partnerships @ SeedLegals

Nicholas Richards

Simon Thelwall-Jones

Director of Technology Ventures @ Development Bank of Wales

Simon Thelwall-Jones

Passion Capital

Passion Capital

Ffion Jones MCIPD

Founder @ Beautiful Minds

Ffion Jones MCIPD

Leigh (Peters) Gaffney

Associate @ Assurant Ventures

Leigh (Peters) Gaffney

Assurant Ventures

Assurant Ventures

Huw Rees

Huw Rees

Louise Harris

Co-Founder & Director @ Tramshed Tech

Louise Harris

Richard Theo

FinTech Entrepreneur, Investor & NED

Richard Theo

New York Welsh

New York Welsh

Ty Francis MBE

Chief Advisory Officer @ LRN

Ty Francis MBE

Marc Walby

Senior Managing Director @ FTI Consulting

Marc Walby

Lean Enterprise Academy

Lean Enterprise Academy

Darren Walsh

Senior Lean Coach @ Lean Enterprise Academy

Darren Walsh

Edward Reid

Manager @ PwC Raise

Edward Reid

Our Differentiators

What makes the Foundry unique?

Not for profit

We don’t take a cut of any deals we facilitate nor do we charge founders to participate.

Zero equity

The Foundry does not take any equity in the companies we accelerate or incubate.

Corporate led

Cohorts are chosen by our partners and invited to develop a proof of concept or minimum viable product.

Deal focused

We measure our success by how many deals we can generate for founders; be it investment, partnership or any other format.

Ecosystem backed

Workshops, perks, and mentors are curated by leveraging the goodwill and expertise of the Welsh FinTech ecosystem.

Value added

Successful applicants receive up to £400,000 in tangible perks plus numerous intangible benefits and mentorship.

More Information

Foundry FAQ

The Foundry was created by FinTech Wales to help leverage the experience of its ecosystem for good use. Our founding partners include Admiral Pioneer, Principality Building Society, and Cardiff Capital Region together with more than 25 supporting organisations from tech, legal, public sector, academia, and more.

Our application data is shared with partners who, after numerous rounds of due diligence, will create a shortlist of candidates for interview. After the interview process successful applicants will be offered a place in the programme.

The Foundry is a no equity programme and does not invest any capital or appear on any cap tables. We do, however, help our founders raise rounds by introducing them to our curated network of angels and VCs via our investor days and introductions.

No, you do not need to incorporate in Wales or even physically be present for the programme.

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