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Capability and Innovation Fund

24 Participating Investments $99,070,579


Business Development, Banking, Financial Services, Finance, Government

Capability and Innovation Fund empowers eligible bodies to enhance the products and services which are available to SMEs.

London, England, United Kingdom, Europe (GB)

Organizations in London in Business Development,
Organizations in London in Banking,
Organizations in London in Financial Services,
Organizations in London in Finance,
Organizations in London in Government,
Organizations in England in Business Development,
Organizations in England in Banking,
Organizations in England in Financial Services,
Organizations in England in Finance,
Organizations in England in Government,
Organizations in United Kingdom in Business Development,
Organizations in United Kingdom in Banking,
Organizations in United Kingdom in Financial Services,
Organizations in United Kingdom in Finance,
Organizations in United Kingdom in Government,
Organizations in Europe in Business Development,
Organizations in Europe in Banking,
Organizations in Europe in Financial Services,
Organizations in Europe in Finance,
Organizations in Europe in Government

Investors in London in Business Development,
Investors in London in Banking,
Investors in London in Financial Services,
Investors in London in Finance,
Investors in London in Government,
Investors in England in Business Development,
Investors in England in Banking,
Investors in England in Financial Services,
Investors in England in Finance,
Investors in England in Government,
Investors in United Kingdom in Business Development,
Investors in United Kingdom in Banking,
Investors in United Kingdom in Financial Services,
Investors in United Kingdom in Finance,
Investors in United Kingdom in Government,
Investors in Europe in Business Development,
Investors in Europe in Banking,
Investors in Europe in Financial Services,
Investors in Europe in Finance,
Investors in Europe in Government

Founded date 05, 2019

Operating Status Active

Also known as Banking Competition Remedies Ltd, C&I


Wikipedia Link

Capability and Innovation Fund empower eligible bodies to improve the financial products and services. Capability and Innovation Fund also encourages to improve capability to compete with RBS in providing banking services to SMEs. Capability and Innovation Fund is managed by BCR and consists a total of £425 million which is divided into four pools, Pool A, Pool B, Pool C, and Pool D. Pool A enables the development of advanced business current account offerings and ancillary products for SMEs, giving preference to beneficiaries with an established business current account offering. Pool B enables the modernization of existing business current account offerings or the development of new ancillary product propositions. Pool C enables the expansion of business offerings to include, lending, or international payments services. Lastly, Pool D, which enables the commercialization of financial technology that is relevant to SMEs.

Capability and Innovation Fund Participated In the Following Investment Rounds (24)

Organization Name Lead? Round Partners Participating Raise Date
Virgin Money Yes Grant ------- $45,206,146 October, 07, 2020
MarketFinance Yes Grant ------- $12,713,992 September, 23, 2020
Fractal Labs Yes Grant ------- $3,313,211 August, 18, 2020
ezbob Yes Grant ------- $3,313,211 August, 18, 2020
Funding Xchange Yes Grant ------- $6,626,422 August, 18, 2020
Previse Yes Grant ------- $3,313,211 August, 18, 2020
Onfido Yes Grant ------- $6,626,422 August, 18, 2020
Codat Yes Grant ------- $3,313,211 August, 18, 2020
ClearBank Yes Grant ------- $32,695,039 August, 03, 2020
Currencycloud Yes Grant ------- $12,060,107 August, 14, 2019
iwoca Yes Grant ------- $12,060,107 August, 14, 2019
Atom Bank Yes Grant ------- $12,060,107 August, 14, 2019
Modulr Yes Grant ------- $12,060,107 August, 14, 2019
Form3 Yes Grant ------- $6,295,484 June, 14, 2019
Funding Options Yes Grant ------- $6,295,484 June, 14, 2019
Swoop Yes Grant ------- $6,295,484 June, 14, 2019
Codat Yes Grant ------- $6,295,484 June, 14, 2019
Investec Ventures Ireland Limited Yes Grant ------- $19,359,684 May, 14, 2019
Nationwide Building Society Yes Grant ------- $64,532,282 May, 14, 2019
Co-Operative Bank - UK Yes Grant ------- $19,359,684 May, 14, 2019
Metro Bank Yes Grant ------- $120,000,000 February, 22, 2019
Starling Bank Yes Grant ------- $130,530,069 February, 22, 2019
ClearBank Yes Grant ------- $78,318,041 February, 22, 2019
Fluidly Yes Venture - Series Unknown ------- Undisclosed January, 25, 2019

Capability and Innovation Fund in the News