5 • 6 Ratings
🗓️ 23 September 2024
⏱️ 27 minutes
🧾️ Download transcript
James Codling, managing partner at Volution discusses how despite a slowdown in funding and concerns over profits, the UK is still seen globally as a massive hub for fintech, how the hype around British fintech successes is not always spread evenly and why building a bank is the most difficult category of fintech one can pursue.
Volution is a London-based venture capital investor that focuses largely on fintech and software-as-a-service companies that have progressed past the seed and Series A stages. Codling explains that in the UK, there have been incredible efforts to support startups to get to the Series A level, but there has been a myth that once they get there, they can manage alone. Codling calls for a holistic approach from the public and private sectors when looking to support businesses.
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0:00.0 | I think there's an awful lot of talk about AI and what AI is able to do, but I think fundamentally |
0:11.4 | there's some kind of misunderstanding about what AI is and what it does. |
0:15.5 | I guess the hype around Revelry, but I don't take away from any of their success because they certainly deserve it. |
0:22.6 | But I'd like to see some of that magic dust settle on some of our other UK Challenger banks, I think. |
0:28.6 | I think the thing that I find most frustrating about what we've done in the UK is we've just assumed that if we can get these companies to Series A, |
0:39.5 | then the rest will take care of itself. |
0:45.6 | From the first time founders to the funds that back them, innovation needs different. |
0:51.2 | Our episode partner, HSBC Innovation Banking, is proud to accelerate growth for tech and |
0:57.1 | life science businesses, creating meaningful connections and opening up a world of opportunity |
1:02.2 | for entrepreneurs and investors alike. Discover more at www.h.hsbc Innovationbanking.com |
1:10.0 | slash EN- gb. |
1:17.1 | Hello and welcome to the UKTN podcast, a weekly chat with the movers and shakers of the UK |
1:22.8 | tech industry and the destination for all things UK tech related. |
1:27.7 | And today I'm joined by James Codling, managing partner at Volusian. |
1:32.5 | Welcome, James. |
1:33.5 | Hi, Jane. |
1:34.5 | First of all, just give me a little bit of a flavor of what goes on at Volution in terms |
1:38.6 | of your portfolio and the companies that you're backing. |
1:41.2 | Yes, thank you for having me. |
1:43.2 | So yes, I'm James Codling. I'm the managing partner of Volution, which is a UK-based venture capital firm |
1:48.9 | that specialises in the way that we look at the world is we invest in companies that improve |
1:55.8 | efficiencies and productivity, typically in capital markets or the way that we work. |
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