Updated: Nov 22, 2022
Milton Keynes (U.K.) based fumopay has been named one of the most exciting new businesses in the region after being shortlisted as part of a brand new awards programme.
The StartUp Awards National Series has been launched to recognise the booming startup scene across the UK which has accelerated since the pandemic began. In 2020, when most of the world was shutting down, more than 400,000 startups were set up in Britain, with similar increases seen in other European countries.
There was stiff competition with over 2,500 applications received in response to the Startup Awards National Series’ first-ever call for entries.
Kevin Ludford, Founder and CEO of fumopay said: “To be shortlisted as one of four Fintech Startups finalists in our region in such a competitive market is an immense achievement and full kudos to my team that have helped bring fumo to market. I’m passionate that our product must make a difference and bring value to people's lives, whether that’s at a personal financial level or for the business owner helping them reduce costs and improve their cash flow. This is just the beginning of an exciting journey!”
Supported nationally by BT, EY, Dell & Intel, the programme will celebrate the achievements of the amazing individuals across the UK who have turned an idea into an opportunity and taken the risk to launch a new product or service.
Co-founded by the team behind the Great British Entrepreneur Awards, the new series follows the success of the Wales StartUp Awards, after organisers recognised the exceptional potential in the startup scene across the other British regions.
Professor Dylan Jones-Evans OBE, the creator of the StartUp Awards National Series, said: “New firms are important for generating economic prosperity, employment opportunities and innovation. Since 2016, the Wales StartUp Awards have celebrated this amazing annual contribution to our economy by entrepreneurs and the impact they have on communities across the nation.