Financial Technology (FinTech)

Libcus Limited - Service - R&D Tax Relief - Financial Technology (FinTech)

Is your business working on an innovative project in the financial technology sector?

Financial technology services (FinTech) is an emerging industry that uses technology to enable, enhance or automate financial services and processes, competing with traditional financial methods in the delivery of financial services. From mobile banking and insurance to cryptocurrency and investment, FinTech is a large area for research and development. As the demand from both consumers and businesses grows, this innovation rich sector is fast becoming a prime candidate for the R&D Tax Credit scheme. 

Latest HMRC Statistics - Financial Services*

FinTech Claims Processed
0
Total sector claim value
£ 0 m
Average claim value
£ 0

What qualifies as R&D in the FinTech sector?

The R&D tax credit scheme rewards any company whose work seeks to resolve a ‘scientific or technological uncertainty’. Qualifying activities may include:

  • Designing new data applications for mobile banking and mobile payments.
  • Creating novel financial platforms.
  • Testing and optimising fraud detection systems.
  • Improving cybersecurity measures for existing applications.
  • Redesigning existing financial systems using fundamentally different technologies.

Download our FinTech flyer to find out more

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FINTECH SECTOR SUCCESS STORY
Development of an innovative payment orchestration platform which enables users to solve complex online payments problems, and increase revenue and efficiency, while substantially reducing costs.
CLICK HERE FOR MORE EXAMPLES OF OUR WORK
FINTECH SECTOR SUCCESS STORY
Development of a modular suite of applications which represent fully integrated, functionality-rich modules for automated and efficient software solutions to the financial services industry.
CLICK HERE FOR MORE EXAMPLES OF OUR WORK
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Why Work With Libcus?

The R&D tax relief scheme is extremely rewarding but also a highly technical and complex process. With extensive experience working within this field, we are uniquely positioned to help FinTech companies and related industries claim for their innovation.

At Libcus, we take a supportive approach to guiding our clients through the entire claims process. We offer regular visits to your premises (where required) to discuss and review R&D activities to ensure we maximise your benefit. Additionally, we undertake as much of the R&D claim work as possible from identifying eligible projects, through to writing technical narratives, and calculating difficult R&D calculations.

We take time to assess your business and would never submit a claim without being confident of its outcome. However our support doesn’t end when we submit your claim. Our fee structure includes full enquiry support should your claim be investigated by HMRC.

Find out more about the claims process

Let Our Specialists Handle Your R&D Tax Credits Claim

Let our technical experts prepare your R&D Tax Credits claim.
We will compile a robust claim and make sure you receive the maximum benefit possible for your business.
Telephone: 01629 810 222
Contact Libcus Today

* Source HMRC R&D tax credits statistics 2022. The statistics published by HMRC for 2020-21 are provisional and have been uplifted to include estimates for claims not yet received.