Three for three: Hogan Lovells Global FinTech Mentor and Momentum Program celebrates third year and three new recipients

They are:

• Updraft: an overdraft replacement app that will provide low interest loan facilities and debt reducing nudges to customers
• dozens:  a mobile banking and wealth management provider
• Youtility: a money and budgeting app that brings home finances into one place, allowing users to budget, compare, switch and pay providers all in-app.

Since its launch in 2017, the Program has offered up to 10 FinTech firms a year, the opportunity to benefit from £25,000 of free legal services, together with access to industry events and networking opportunities with Hogan Lovells' existing clients in the FinTech space. 

The Program is open to FinTechs at any stage of development, from start-ups to more established players looking for growth and new markets. Interested firms are welcome to apply throughout 2019.

Successful applicants will be assigned a dedicated relationship manager who will guide them through the suite of support options offered by Hogan Lovells to ensure they receive maximum value from their membership of the Program. To help with this, the £25,000 of free advice is provided at discounted rates.

Commenting, Hogan Lovells Head of FinTech and Innovation Emily Reid said:

"In the two years since launch, our Global FinTech Mentor and Momentum Program has gone from strength to strength with a number of successful applicants bringing innovative new products and services to market. 

"Focus areas to date have included open banking powered services, commercial applications for blockchain and AI, mostly in the UK, but we are now looking to take this experience and expand the Program to as many of our jurisdictions as possible in due course.

"We aim to offer firms on the FinTech Program much more than just legal advice, sharing our extensive industry knowledge to help companies successfully launch and expand across borders."

Members of the Hogan Lovells Global FinTech Mentor and Momentum Program from previous intakes include: 

• Bankof – provider of P2P personal loans
• Banked – Open banking powered B2B platform to allow non FS businesses to embed financial data into their products
• DualityBanx– Banking and investment services start-up solution for those that live, work and spend in multiple currencies
• Exate– Blockchain powered data privacy solution provider
• Cleo – an AI powered personal finance manager
• Capexmove– Provider of blockchain solution for the execution of securities contracts

More details on the Program and how to apply can be found here - https://www.hoganlovells.com/en/fintech-mentor-and-momentum-program/from-innovation-to-ipo