Sharing economy insurance provider Pikl has been named as one of 31 fintech and insurtech companies chosen for the 2020 Tech Nation Fintech 3.0 programme.
It marks the first year that insurtech companies have been eligible for the Fintech programme.
Pikl added that founder and CEO, Louise Birritteri, has been invited to join the Tech Nation Board “in recognition of the impact Pikl has made to the industry over the last three years”.
Fintech 3.0 is a growth programme run by Tech Nation for rising UK fintech and insurtech companies.
It is designed to provide company leaders with “coaching, content and community”, whilst “bringing together a network of purposeful founders and philanthropists, progressive enterprises and policymakers, influential funds and institutions in order to collaborate in building the technological innovation that will improve the future for the UK and beyond”.
Around 80% of Tech Nation’s funding comes from the UK Government’s Department for Digital, Culture, Media & Sport (DCMS), which in 2019 was £7.1m. The rest is generated from sponsorship and paid-for educational programmes.
Louise Birritteri, founder and CEO of Pikl, said: “We are delighted to have been selected. The competition to get on the Fintech 3.0 programme is fierce with hundreds of companies applying.
“This programme will definitely help us to scale up rapidly to take advantage of the growing market for sharing economy insurance.”
She added: “There is a great deal of value to be gained from it, especially getting access to mentors who have been successful in scaling their businesses, expert training, invitations to join Government trade missions and building our profile nationally and internationally.
“I can’t wait to get going. And, to be invited to join the Tech Nation Board is a real privilege for which I am truly grateful.”
Liam Gray, programme lead, Fintech said: “The UK’s fintech ecosystem is world-leading and as it matures further we are seeing a growing amount of fintech scale-ups. These companies have already achieved some incredible things and are targeting accelerated growth both domestically and internationally.
“Tech Nation’s Fintech programme supports companies like these to connect with other fintechs at a similar stage, learn from experts and expand their network. It’s a unique and valuable opportunity to learn in an open and intimate setting.”