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Barclays pivots Rise to focus on laid-off fintech talent

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Reflecting the donwturn in the fintech sector, the latest iteration of Barclays Bank’s Rise Startup Academy will focus on on supporting budding founders who find themselves out of jobs due to the current economic climate.

The first Rise Start-Up Academy was launched earlier this year to connect founders and provide them with training and community, with a collective ambition to transform the future of fintech.

This latest programme comes on the heels of a summer that saw sweeping hiring freezes and slowed growth across the tech space for the first time in two years. Layoffs have risen to an estimated 71,000 positions being eliminated across tech start-ups since the beginning of 2022.

“When we started Rise Start-Up Academy, we set out to build a programme that helps entrepreneurs build their ideas into impactful products for the future of fintech,” says Sonal Lakhani, Rise global head of programmes and strategic initiatives for Barclays Innovation. “This time, we have selected this impacted founder population because we believe out of adversity comes…

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