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NewCo - NewCo

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NewCo - NewCo

Success story: NewCo

 

 

Bernie Morgan, founder of NewCo, pitched in Guildford and Oxford and has been building her business ever since…


"I started NewCo to service people who can’t get, or don’t want, a bank account. This can be due to a number of reasons from not having the right paper work to having had problems in the past. NewCo is aimed at helping these people to get back into the financial system.

 

My background is in finance, for 8 years I worked as the Chief Executive at the Community Finance Association. During this time I helped to set up micro-finance industry in the UK and advised the Treasury with other key people on the issue of people who are not served by the mainstream financial sector. After the financial crash, social media was on the rise and new payment technologies were springing up and it was at the point when the three came together that I saw the chance to make a difference. Whilst I believe in social enterprises, I also believe they should be sustainable and not rely on public funding, so I wanted to set up a company which would both help people and make a profit.

 

I was working on my own when I received a call from Modwenna telling me about Pitching for Management. Having crossed paths with Modwenna a few times earlier in my career, she thought I might be suitable to pitch at some of her events. As she explained the format to me, I realised that it was just what I needed. I knew that I would never achieve my funding goals without a strong team around me, so I signed up straight away for a few events.

 

The events themselves ran really well – I was really impressed by how tight on times they were. So many other events run over, but the team at P4M are very on the ball and kept to the timings. The 8 minute pitching limit was good because it helped to keep me focused and this then gave people a reason to follow up because I hadn’t already told them everything about my idea. I received lots of interest at the events on the day, but I continued to hear from people in the weeks and months after the event. The P4M online network is very effective and I have gone on to work with 3 or 4 people at various points, and I am continuing to work on my business and I wouldn’t be anywhere near the stage I am at now without the help of the people that I met through P4M."

NewCo - NewCo

"Through Pitching for Management, we found one of our core team in an evening. I can't think of another way this could possibly have happened so swiftly."


Steffan Aquarone, CEO, Droplet

NewCo - NewCo

NewCo - NewCo