FCA Expands Scale-up Unit to Support Fast-Growing Fintechs
Summary
The FCA added ClearScore, Modulr, Teya, Urban Jungle and Zilch - spanning credit information, payments, consumer finance and insurtech - to its Scale-up Unit, which gives high-growth, FCA solo-regulated firms tailored regulatory support as they develop new products and navigate rapid expansion. The announcement accompanied insights from a pilot with 15 high-growth firms showing that early investment in governance and risk controls helps firms scale sustainably.
Key Changes
- Adds ClearScore, Modulr, Teya, Urban Jungle and Zilch to the Scale-up Unit
- Provides tailored regulatory support for high-growth, solo-regulated fintechs
- Publishes pilot findings showing early governance investment supports sustainable scaling
Affected Industries
Source
Key Dates
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