Seismic Foundry: Harnessing the Power of Fintech for Capital Markets
Seismic Foundry, a London-based financial services company, has been dedicated to leveraging the potential of fintech in capital markets since its inception. Co-founded by Bill Templer, Brendan Bradley, Cathryn Lyall, Dave Feltes, and Jeff Gale, the company boasts of more than 150 years of combined experience in capital markets. Seismic Foundry has been focused on utilizing the tax efficiency of Start-up Enterprise Investment Schemes (SEIS) and EIS to create a better conduit to market for fintech start-ups in the capital markets sector.
Through its expertise, Seismic Foundry has been able to facilitate start-up funding, business development, consultancy, governance, strategy, and business planning. This comprehensive approach has provided new fintech companies with an enhanced opportunity to flourish and succeed in the competitive financial services industry. The company's collaborative partnership-driven environment ensures that firms in which funds are invested have a shareholder base already involved in capital markets.
Seismic Foundry has also been developing SEIS and EIS funds with investors from the City. This initiative has further strengthened the company's commitment to fostering the growth of fintech start-ups in the capital markets sector. In addition to its funding and consultancy services, Seismic Foundry has also been providing a fintech information service. This service aggregates, filters, and distils information on fintech start-ups for the company's retained clients, ensuring that they have access to the most relevant and up-to-date information in the industry.
However, as of 30th October 2022, Seismic Foundry will be closing its operations. In a statement on LinkedIn, the company cited Covid disruptions, a close and mergers, as well as one of its co-founders, Cathryn, now living in Australia, as reasons for its closure. The remaining fund investments will be rolled up into Seismic Foundry's regulatory umbrella partner, Startup Funding Capital (SUFC). This move will allow the company to leverage economies of scale and ensure that the remaining investee companies are tracked and reported to investors in all the usual timeframes. Seismic Foundry will remain engaged via SUFC, and investors will be contacted in due course.
Throughout its five-year journey, Seismic Foundry has been instrumental in supporting fintech start-ups in capital markets. The company's closure marks the end of an era in the financial services industry, but its legacy will continue through the investee companies and the fintech ecosystem it has helped shape. As Seismic Foundry bids farewell to its investors, founders, and partners, its contributions to the fintech landscape will not be forgotten.