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Read moreCapital One Growth Labs
Capital One is an American bank holding company specialising in credit cards, auto loans, banking, and savings accounts,
L Marks was proud to partner with credit card provider Capital One to create Capital One Growth Labs. Based at Capital One’s Nottingham headquarters, Growth Labs was established to discover innovative new businesses and provide crucial support to developing transformative technologies for the financial sector.
Growth Labs targeted startups with the potential to advance several of Capital One’s business areas. Applicants were asked to choose from one of the following categories:
- Unstructured data insight
- Security and fraud prevention
- Money management tools
- Enabling healthy financial habits
- Agent technologies
During the ten-week programme, successful startups had direct access to Capital One to refine and test their products. Throughout the programme, they received close mentor support from the company’s panel of experts and members of the wider tech community. The programme concluded with a final presentation to a panel comprising business experts and investors.
“One of the key aims of the programme is to discover and partner with some of the most promising new technology start-ups and unlock the truly leading-edge and innovative ideas of tomorrow.
Having early access to start-ups, and the products they build, will enable Capital One to continue expanding its technological capabilities, as well as maintain a strong view on the customer needs of tomorrow while at the same time turbo- boosting those businesses by giving them unrivalled support.”
Chris Owen
Digital Innovation Specialist, Capital One
Selected Startups
Credit Kudos is an alternative credit scoring platform that measures creditworthiness using real-time transaction data captured automatically from the borrower, providing a transparent and up-to-date view of a person’s credit profile.
In 2022, Apple acquired Credit Kudos at a reported valuation of $150 million to provide a rapid alternative to traditional credit scoring via its open banking methods.
Multisense is a secure end-to-end solution put together as a user-friendly mobile platform which includes face, voice and fingerprint recognition which can be combined with GPS and NFC.
WealRo is a real-time assistant for savings and investing that aims to use AI technology and machine learning to find areas of a user’s budget where savings can be made.
“Growth Labs presents a fantastic opportunity for WealRo to receive world-class mentoring, with the hope of building a long term relationship with Capital One that positively shapes the financial landscape.”
Pariti is a mobile banking app that enables users to take control of their money, reduce interest payments and start saving. The app connects to separate bank accounts and credit cards and automatically identifies income and bills so users know what they can safely spend each week.
Warwick Analytics is a provider of automated predictive analytics that can remove the 80% of time data scientists need to organise and process data prior to analysis.