The Budget & Challenging Fundraising Environment

A panel event hosted by Evelyn Partners to discuss the challenging fundraising environment and what can fintech businesses do to ride out a potential recession linking into any
pertinent announcements from the budget that will be affecting fintech businesses.

The fintech sector has been one of the UK’s most dominant sectors for funding.  However, 2022 was a challenging year for fintech, similar to many other industries – the rise in inflation and interest rates has dampened tech valuations globally and brought about a growing focus on profitability and a sustainable business model. Added to this, with the upcoming Budget on the 15 March there is uncertainty of what this will bring to the fintech sector, in particular the large changes to the R&D scheme – a vital lifeline for many fintech companies.

Investors will continue to focus on profitability and will be keen to back businesses that can demonstrate a clear ‘road to profitability’. With fundraising expected to continue to be challenging, we expect some form of M&A consolidation in the sector. Fintechs will need to continue focusing on cutting down on discretionary spend and would need to have a razor focus on products and services that can generate positive unit economics.

In this session, we will discuss the key fundraising challenges for fintechs, key takeaways from the 2023 budget and what can fintech businesses do to ride out a potential recession.

Attending this session will provide the opportunity to:
– Discover the fintech fundraising trends in 2022 and lookahead for 2023
– Hear the key takeaways from the Spring Budget
– Identify M&A opportunities
– Prepare for the future – the panel will provide tips on how to recession proof your
business
– Ask questions of the experienced panel

Panel:
Emily Berry – Associate Director, Business Tax – Evelyn Partners
Emily specialises in providing tailored advice to businesses and their founders, helping them with all their tax and accounting needs, devising and implementing strategies that effectively manage tax opportunity, risk and compliance.

Claire Burden – Partner, Advisory Consulting – Evelyn Partners

Claire Burden is a Chartered Accountant and a partner in the restructuring and recovery team at Evelyn Partners. Her expertise is in turnaround and transformation programmes and providing support to high growth and working-capital constrained businesses. Claire has a strong track record in driving short-term performance improvement and real change over the medium to long term.

Pranav Nadkarni – Director, Advisory Consulting – Evelyn Partners

Pranav has over 10 years of experience advising large multi-national corporates and private equity funds across areas of performance improvement, operational turnaround and value creation via organic and inorganic strategies. Pranav brings experience from different industries with a focus on the financial services sector covering insurance, banking, wealth & asset management and FinTech companies.