Archie, a new fintech acceleration partner, has officially launched; with a mission to scale the next generation of fintech disruptors that could define and lead the sector.
With a belief that fintech founders need much more than financial backing to turn their ambitions into reality, Archie plans to identify and partner with a select portfolio of early-stage fintechs globally, working alongside a number of founders to help supercharge their growth.
By investing intellectual capital and growth expertise into Series A and B firms at the most critical stage of their go-to-market strategy, Archie hopes to improve the odds of high-potential fintechs breaking through and evolving from start-ups into sustained high-growth businesses.
Archie will initially focus on partnering with fintechs in Australia, the UK and the fast-expanding Middle East fintech market, where the team’s expertise, experience and networks are deepest and where they can help founders access global markets.
Led by one of fintech’s best-known serial entrepreneurs, Anthony Thomson (co-founder and former chair of Atom Bank, digital bank 86 400, and Metro Bank) with global tech and fintech leader Steve Brennen as founder CEO (Uber, PayPal, eBay and Zip), Archie brings together one of fintech’s strongest scale-up teams with deep expertise in delivering hyper-growth.
Archie plans to work side-by-side with fintech founders, deploying its team of experts to help supercharge partners’ growth, de-risk go-to-market strategies and maximise their chances of success.
Offering a new partner model to accelerate fintech growth, Archie will invest its intellectual capital, go-to-market and growth expertise, along with the ARCHIE NETWORK – in exchange for equity.
This ‘equity first’ model is a key differentiator within the fintech ecosystem, designed specifically to ensure a true partnership with fintech founders, aligning all interests and focussing efforts on driving success.
“Ensuring founders and their fintechs reach the heights they should”
Anthony Thomson, co-founder and chair of Archie, commented on the launch: “Fintechs are a force of good. For years they’ve disrupted the financial services industry, providing better products, services and experiences for customers. But despite many great ideas, too many have fallen short, having not had the support they need.
“Archie will change that. Our team is perfectly positioned to offer the real hands-on, senior support they need. And crucially, provide it now, with it being more important than ever for fintechs to use resources in the right way.
“We’re creating partners out of practitioners and ensuring founders and their fintechs reach the heights they should.”
Steve Brennen, co-founder and CEO of Archie, also discussed the launch: “Realising your dream and building a fintech isn’t easy. But truly scaling one is even harder. The Archie team has been there and done it, got the scars and the t-shirt.
“We have the know-how, expertise and experience of scaling global businesses. We’ll be able to parachute in and help founders develop and implement go-to-market strategies, avoiding the pitfalls and levering Archie’s deep experience in strategy, marketing, sales and governance across tech and fintech, as well as accessing the ARCHIE NETWORK to ensure access to the right talent, partners and finance.
“We know there’s an appetite for support just like this and I’m excited to help the next generation of fintech disruptors reach their potential – and help founders have the best journeys in doing so.”
Image and article originally from thefintechtimes.com. Read the original article here.