The spirit of entrepreneurship is engrained in our culture. We share the same mindset as change-makers, disruptors, and out-of-the-box thinkers.
We continuously seek to collaborate with fintechs to help us deliver cutting edge technology at pace. We look specifically for companies that are post-revenue and either solving a problem for our client segments or addressing an enterprise challenge, in the UK or South Africa.
Seeking fintechs that are...
Solving a problem for our client segments or addressing an enterprise challenge
Why partner with Investec?
Investec welcomes the opportunity of working with fintech firms, for
example through our open banking platforms, our partnership model and
Our current partners
Monese is a leading pan-European fintech with a cloud-based, modular and configurable “banking as a service” (BaaS) platform. As part of a strategic partnership, Investec will adopt this BaaS platform. We will collaborate with Monese to accelerate the development of our transactional banking proposition and open up the full extent of digital banking possibilities.
Orbital Witness is a platform designed to be a central source of use throughout real estate transactions. It aims revolutionise the way property is bought, traded, and insured against. Investec funding will support the employment of machine learning technology to develop a universal risk rating for any real estate asset, helping predetermine issues that constitute a potential risk.
Omnisient is a privacy-preserving data collaboration platform that allows businesses to share insights on consumer behaviour and preferences without ever sharing consumers’ identities or contact information. Investment from Investec is allowing the Omnisient team to unlock the potential of their unique vision, bringing innovation to the tech ecosystem in the increasingly important field of data protection and privacy. As Investec continues on its future-fit data journey, Omnicient is a strategic partner for enhancing our own internal approach.
Astrocyte is a market-leading, integrated digital practice management solution for medical professionals. Investec has more than 30 years’ experience offering private banking to medical professionals so we understand the stress, time constraints and administrative challenges that come with this profession. As part of a strategic partnership, we will offer them exclusive access to Astrocyte, so they have everything they need to effectively run a practice on one platform.
Aurora offers a carbon footprint calculator that makes climate data real and serves users customised content and tangible ideas on how to make impactful changes to their lifestyle. As we endeavour to put climate challenges at the forefront of our business strategy, we have partnered with Aurora to run a staff activation. We are currently exploring the possibilities of scaling this through our bank and wealth businesses.
Wazoku offers an enterprise innovation platform that provides a clear path to take employee’s ideas from concept to implementation. It allows idea sharing, project sponsorship, collaboration, and progress tracking to improve efficiency and visibility, while mitigating bottlenecks. Investec has partnered with Wazoku to create a white label solution we call IdeaSpace, which is in its pilot phase.
Keen to work with us?
Relationships are key to the way we do business. We are on a journey of digital transformation and believe strongly that one of the best ways to innovate is through partnerships with leading fintechs.
Our partnership process
We take a partnership live through 10 steps:
Our Fintech Partnerships team scouts for best-in-class fintechs to collaborate with, to deliver cutting-edge products and services to our clients.
2. Product and value proposition
We will discuss your product and value proposition in an exploratory meeting. We might ask you to provide a demo to create a business case.
3. Non-disclosure agreement
All parties must sign an NDA to move forward with conversations.
4. Business sponsorship
Internally, we will identify a business sponsor for the proof of concept (POC) and confirm their sponsorship.
5. Due diligence
Before committing to onboard a POC we will go through a due diligence process. This will include a technology review to ensure the business case and the product are aligned to our strategy and demand. We will also assess the risk profile of the proposed POC and establish what route it should take.
6. Profile creation
We may ask you for more information so we can create your profile on our supplier purchase order and invoicing system.
7. Proof of concept
POCs allow us to quickly decide the potential success of a collaboration. We will work with you to formalise its scope and requirements. This is your chance to make sure you are comfortable with everything and put any queries to our team.
8. Terms and conditions
If we decide that a POC is likely to support successful delivery, we’ll share our standard set of POC terms and conditions to sign.
9. Final contract
The final contract will be drafted and completed through electronic signature. A start date will be agreed, and we will share a purchase order with you.
10. Next steps
After this initial engagement is complete, we will work with you to evaluate its success and agree on the next steps we can take together, ensuring all parties are getting value from the collaboration.
Please note that your application could be deemed unsuccessful at any stage. If this is the case, we will tell you why.
Register your interest in partnering with us
The Fintech Pledge
We’re signatories of the Fintech Pledge, supported by HM Treasury and powered by Tech Nation.
The pledge sets voluntary standards for partnerships between the UK’s largest banks and fintech firms. Through the pledge, we commit to giving clear and transparent guidance to enable a smooth and collaborative process.