The Financial Conduct Authority has selected ClearScore, Modulr, Teya, Urban Jungle and Zilch as the first firms regulated solely by the FCA to join its Scale-up Unit. The firms, which span payments, consumer finance, credit information and insurtech, will receive tailored regulatory support as they develop products, respond to policy changes and manage rapid growth. The FCA also published findings from a pilot involving 15 high-growth firms, concluding that early investment in governance, risk management and controls supports sustainable expansion. The Scale-up Unit previously admitted six firms jointly regulated by the FCA and Prudential Regulation Authority, and applications for its next cohort will open soon.
Financial Conduct Authority2026-08-10
UK Financial Conduct Authority adds five solo-regulated firms to Scale-up Unit
The Financial Conduct Authority has admitted five solo-regulated firms to its Scale-up Unit for tailored support with innovation, regulatory change and rapid growth. Findings from a separate 15-firm pilot emphasized early investment in governance, risk management and controls.