Anthony Thomson, a serial entrepreneur known for co-founding several challenger banks, is launching a new venture called Archie, designed to serve as an “acceleration partner” for fintech startups seeking to scale their businesses.
Archie aims to identify and collaborate with a portfolio of early-stage fintech companies worldwide, working closely with founders to enhance their growth potential. Thomson, who co-founded Metro Bank, Atom Bank, and Australia’s first neobank 86 400, will partner with Steve Brennen, a former executive at Uber, PayPal, and Zip, who will take on the role of CEO.
Initially, Archie will concentrate on startups in the UK, Australia, and the Middle East. The venture plans to work directly with fintech founders, deploying a team of experts to maximize their chances of success. Startups will receive operational support, access to senior board advisors, and a robust network to help form partnerships, secure funding, and recruit talent. In return, Archie will obtain equity in these companies.
Thomson emphasized the positive impact of fintechs, stating, “For years they’ve disrupted the financial services industry, delivering better products, services, and experiences for customers. Yet, despite many great ideas, too many have fallen short without the necessary support.”
He added, “Archie will change that. Our team is perfectly positioned to provide the hands-on, senior support these fintechs need, especially now when making the best use of resources is more critical than ever.”