The Financial Conduct Authority (FCA) has selected five major UK fintech scaleups to join the latest cohort of its Scale-up Unit.
ClearScore, Modulr, Teya, Urban Jungle, and Zilch will work with the financial regulator’s unit that was launched to provide tailored regulatory support around the release of new products and shifting policies.
The five firms span payments, consumer credit, credit scoring, and insurtech, representing the first cohort of companies regulated solely by the FCA to receive dedicated scaleup support from the regulator.
Alongside the announcement, the FCA published insights from a pilot scheme involving 15 scaleups, emphasising that early investments in regulatory risk management and control frameworks are critical to enabling sustainable long-term commercial growth.
The new cohort follows an initial group of six dual-regulated firms announced in February 2026.
These were Allica Bank, ClearBank, Monument Bank, Nottingham Building Society, OakNorth Bank and Zopa Bank.
“High-growth firms play a vital role in driving economic growth across the UK,” said Jessica Rusu, chief data information and innovation officer, FCA.
“We want the UK to remain one of the best places in the world to start, grow and scale a financial services business. That’s why we’re supporting ambitious firms as they scale, helping them navigate regulation and innovate with confidence.”
