JPMorgan Chase has unveiled its Fintech Forward accelerator, aiming to empower UK fintech startups during a critical funding gap for early-stage innovators. Co-developed with EY, this hybrid 12-week programme blends virtual and in-person curricula and runs from September to November 2025—targeting founders whose businesses have under £1 million in annual revenue and demonstrated market traction.
Holistic Support for Emerging Fintechs
The programme promises:
Mentorship from JPMorgan Chase executives, offering insights into payments, compliance, risk, and global finance.
Expert-led workshops, both industry-specific and practical.
A two-day offsite at JPMorgan’s Glasgow technology centre—a hub for innovation in EMEA.
Pitch showcases to investors and commercial partners, including a sponsored trip to the Slush startup conference in Helsinki.
Why the UK’s Fintech Scene Needs Accelerators Now
Despite being a top-tier hub—ranked third globally for AI and tech investment after the US and China—the UK’s fintech funding pipeline is drying. In 2024, UK startups raised just £16.2 billion, compared to £65 billion in the US. Many promising fintechs are shifting their headquarters abroad to access growth capital interfaces overseas.
Members of the City of London Corporation, including Lord Mayor Alastair King, have consistently called on local investors to back UK-based founders. “We must start funding our own fintechs,” King said, underscoring the importance of programmes like this in retaining our innovators.
JPMorgan’s Strategic Commitment to UK Tech
JPMorgan has already committed £90 million through community and fintech development investments since 2019—including a recent additional £40 million pledge over five years to enhance economic opportunity and fintech growth in underserved areas.
The bank’s expanding footprint in the UK—including retail banking via Chase UK and a major technology hub in Glasgow—reinforces the notion that this accelerator is more than symbolic: it’s part of a broader UK growth strategy.
Why This Matters for the Sector
Access and Diversity: The programme prioritises founders who face barriers to financing and networking, particularly businesses focused on serving underserved consumers.
Regulatory and Market Strength: EY’s recent report confirms the UK’s status as the top EU market for financial services investment, provided it continues innovating under sound regulation and global partnerships.
What Founders Should Know
To qualify, startups must:
Be UK‑based fintech companies with live products in market.
Have annual revenues below £1 million.
Commit to a combined virtual and in-person schedule, including travel to Glasgow and Helsinki.
The call for applications is open from May 26 to June 27, with completion of the accelerator expected by November 2025.
A Crucial Moment for UK Fintech
Fintech Forward enters the scene at a pivotal moment, as many UK startups struggle to reach scale domestically and investors face global competition. Programs like this offer tangible support by connecting startups directly to corporate expertise, capital exposure, and international platforms like Slush.
By championing local innovation, JPMorgan and EY are sending a clear signal: the future of fintech isn’t just built in Silicon Valley—it can thrive right here in the UK.
For original coverage and more context, check out our blog post at TTR Group
