Becoming a PIF Start-Up Member
Launching a business in the payments space can be challenging, but PIF's start-up membership offers support at a pivotal time at an accessible price point. Our industry-led ecosystem provides a platform and unparalleled advantages, particularly through our specialised legal, regulatory and anti-fraud working groups.
PIF start-up membership also connects founders with leading industry innovators with decades of experience in launching and scaling successful payments businesses. By joining our community, you benefit from a collaborative network that understands the intricacies of the payments landscape and is committed to driving innovation whilst mitigating the risks. This collective knowledge is designed to help early-stage fintechs build a solid foundation for sustainable growth.
Why PIF Supports Start-Ups:
- Driving Innovation: Start-ups are at the forefront of pushing boundaries, constantly evolving and enhancing the way we pay and get paid. Their innovative approaches are leading to groundbreaking achievements across the payments ecosystem.
- Enhancing Competition: New entrants invigorate the market by challenging incumbents, creating a more competitive environment. This increased competition leads to more choice and better services for consumers and businesses alike.
- Strengthening the Fight Against Financial Crime: Many start-ups are dedicated to developing cutting-edge, AI-powered solutions that turn compliance into a strategic advantage. Their efforts significantly bolster the fight against financial crime, making transactions more secure.
- Expanding Financial Inclusion: Start-ups often play a pivotal role in reaching underserved markets, offering tailored solutions for underbanked populations. By addressing the needs of these communities, they help bridge the financial inclusion gap.
- Encouraging Collaboration: Fresh ideas and innovative business models from start-ups provide established players with new opportunities for integration and partnerships. This collaboration fosters a vibrant, interconnected ecosystem that benefits all stakeholders.
- Boosting Economic Growth: Fintech start-ups in the payments sector are major contributors to job creation and economic growth. By supporting consumer and business spending, they play a crucial role in driving the economy forward.
- Preparing for the Future: Supporting start-ups ensures that the payments ecosystem remains dynamic and ready to embrace emerging trends. Their agility and forward-thinking approaches help prepare the industry for a rapidly evolving future.
PIF Start-Up Membership Criteria:
- Early Stage Status: Your business must be in the early stages of development, typically within the first three years of operation.
- Small Team Size: You have a lean team, generally comprising fewer than 20 employees.
- Innovation Focus: You are focused on pioneering novel solutions or experimenting with emerging technologies to disrupt the market.
- Commitment to PIF Values: Your business aligns with PIF's mission to promote safe, sustainable innovation in payments that balances the interests of industry, regulators, and consumers.
- Commitment to Engage with PIF: You are willing to actively participate in PIF events, working groups, and member marketing efforts.
PIF Start-Up Membership Fee Structure:
3-year plan
Annual Fee (ex. VAT) | |
Year 1 | £2,750 Valid for one year only |
Year 2 | £5,500 Valid for one year only |
Year 3 | £8,250 Standard membership criteria apply |
Begin your application for PIF Start-Up membership by completing the form below: