July 19, 2024

Perane Ranked in Top 25 of Disruptive UK Fintech Businesses

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Specialist inheritance recovery company Perane has been ranked in the top 25 of fintech businesses in the UK in TechRound’s 2024 Fintech50 campaign..

The FinTech50 celebrates the entrepreneurs using technology to disrupt the finance space, streamlining complex processes and increasing the speed of financial operations to the benefit of both businesses and consumers.

 

Bruce Cane, CEO of Perane said: “This is a terrific accolade and we are thrilled to be listed in such esteemed entrepreneurial company and to have been selected as one of the top 25 in the 2024 rankings.

“We would like to congratulate all the other fintechs on this year’s inspiring list and our thanks to TechRound’s judges for considering Perane as one of the most innovative companies in the sector.”

 

Using pioneering software, developed by the company over the past two years, Perane has exclusive access to previously inaccessible databases to search for dormant and unclaimed inheritances. .

Currently, there’s an estimated £50bn in unclaimed or lost assets held by UK financial institutions. Executors can miss these funds in the initial administration.

The company, founded in 2010, estimates that between 2-3% of searches reveal shareholdings dating back to the 1990s that probate failed to uncover during estate administration.

Perane searches, locates and reunites individuals, families and charities with their rightful inheritances. It has identified nearly £2m in unclaimed assets due to charities and repatriated hundreds of thousands of pounds to a number of charitable organisations as part of residual funds in wills.

 

One of Techround’s FinTech50 judges, Tracy Prandi-Yuen, VP Global Partnerships, Boku,Inc. Said: “It’s been a pleasure reading and learning about so many refreshing ideas and innovative companies in the fintech space.

“I’m excited to try out some of these products and services myself. Ranking them has not been an easy feat.

“I’ve based my decisions on potential impact, reach and social good. Looking forward to seeing how technologies will continue to evolve and shape our industry, and how these fintechs will grow and scale.”