- FIS acquires eCommerce and payments firm WorldPay
- Agencies to hold public meetings on merger of BB&T and SunTrust
- Deutsche Bank and Commerzbank in formal talks about merging
- Digital talent is the number one challenge facing financial services, says Armstrong Craven
- Industry leaders of alternative investments to gather for summit
- Federal Reserve to run seventh triennial study to examine US payments usage
- Access to finance no longer major barrier to growth, finds BDRC survey expired
- BoE is losing more BAME talent than they hire, according to Equality Group expired
- SEC staff to hold Fintech forum to discuss distributed ledger technology and digital assets expired
- Sainsbury’s Bank reveals financial decisions UK adults regret expired
- Jurisdictions move towards implementing standards for payment, clearing and settlement expired
- First-time buyers and home-movers boost housing market in January expired
6th November 2018
Deloitte, Equifax and FreeAgent sign as partners to NatWest’s accelerator programme
Deloitte, Equifax and FreeAgent have signed up as partners to NatWest’s Entrepreneur Accelerator programme, the UK’s largest fully-funded business accelerator network, with 12 hubs located throughout the country.
The three organisations will provide a blend of consultancy and accountancy support, data and SME credit guidance, and SME accounting software to the thousands of businesses that are supported in the Entrepreneur Accelerators every year. They join Dell Technologies and Pinsent Masons, who have also extended their existing partnerships as the programme’s technology and legal partners, respectively.
The news is welcomed by the cohort of 940 new entrepreneurs who joined the NatWest Entrepreneur Accelerator programme this month. These businesses benefit from NatWest’s comprehensive programme of free mentoring, insight and bespoke coaching developed for entrepreneurs who want to grow and scale their business, with no strings attached.
Commenting on the new partnerships and the new additions to the Accelerator Hubs, Gordon Merrylees Managing Director for Entrepreneurship said: “At the heart of our support for entrepreneurs is our comprehensive programme of free mentoring, insight and bespoke coaching, specifically designed to meet the needs of entrepreneurs who want to grow and scale their business.
“We are proud to provide these entrepreneurs with full wrap-around care, connectivity and know-how, all crucial in creating an environment in which they can start, scale and succeed while helping build a strong national economy. I am particularly pleased that we are partnering with a range of companies whose expertise and knowledge will provide added value to the money can’t buy experience we’re able to provide entrepreneurs.”
This is the first cohort that has been wholly recruited by the bank, since it brought the running of the Entrepreneur Accelerator programme in-house earlier this year. On average, businesses that are joining the hub have an average annual turnover of £406,000. As a result of an increasing focus on innovation, 56 new Fintechs have joined the Entrepreneur Accelerators as part of the October intake; twice the amount that joined in the April 2018 cohort.