Congratulations to all 20 teams who participated in Stage 1 of the Open Up Challenge.

Our ten prize winners were:

  • Bud
  • Capitalise
  • Coconut
  • Credit Data Research
  • Fluidly
  • Fractal Labs
  • Funding Options
  • Handle
  • iwoca
  • Teller

You can read more on the winners in this Wired piece.

See below for an overview of the prize.

20 Stage 1 Participants

Prize Fund – Stage 1

  • Cash Awards
    • Each team received a £50k up-front development grant.
  • Exclusive Early-Stage Access to Data
    • The Teams developed their products with the support of a Data Sandbox, containing one of the largest anonymised UK banking transaction datasets ever released, and APIs aligned with the forthcoming Open Banking standard.
  • Expert Support
    • The teams also had access to expert support provided by leading practitioners – covering legal and regulatory considerations (Kemp Little), user experience (Mint Digital) and investment readiness (FINTECH Circle) – to help them prepare for the 2018 open banking environment.

Key Dates – Stage 1

  • Applications for Stage 1 have now closed.
  • Grant winners notified.
  • The Open Up Data Sandbox went live.
  • 9 – 30 November 2017: Assessment and due diligence.
  • 7 December: Pitching day in London.
  • 15 December: Stage 1 prizes awared.

Stage 2

Applications for Stage 2 (Market Ready) will open early 2018.

Check back toward the end of 2017 for the full details, or contact to discuss.