London Daily

Focus on the big picture.
Tuesday, Jun 23, 2026

BVI's Dr. Dexter Penn A Hit With Fintech Startup

BVI's Dr. Dexter Penn A Hit With Fintech Startup

“No one truly cares about your idea except you” was one of the harsh truths echoed by Dr. Dexter Penn to a room full of aspiring entrepreneurs and business persons at a University College London (UCL) Innovation and Enterprise event held on December 2.
BVIslander Dr. Penn was the feature speaker at “First Monday’s”, an entrepreneurial community networking event held at UCL's entrepreneurial hub; BaseKX in London.

Dr. Penn shared his arduous but rewarding journey of developing Kalgera, a digital tool aimed at protecting the finances of vulnerable persons, which he founded in 2016.

He spoke about the unexpected halt to his plans and returned to the BVI and his family after Hurricane Irma wreaked havoc on his home in 2017. Dexter revealed that it was a moment of reckoning which reminded him to always expect the unexpected and that some of the most important things do not come with a price tag.

A medical doctor by training and a clinical researcher at the world leading UCL Dementia Centre, Dr. Penn shared that the idea of Kalgera came to him while hearing a repeated cry from his patients who had been defrauded to the tune of tens of thousands of pounds. Kalgera’s fintech platform fuses neuroscience research and Artificial Intelligence (AI) to mitigate fraud risk by detecting and predicting financial behaviour associated with vulnerability.

“I am overjoyed and proud of Dr. Penn’s accomplishments. He is a shining example of what is possible for young BVIslanders on a global stage and this is just the beginning. His achievements are timely and highlight the Government’s current drive to foster a culture of digital innovation and entrepreneurship in the BVI” shared Siobhan Flax Deputy Director of the BVI London Office who attended the First Monday’s event at UCL.

Dr. Penn has blazed a path with this cutting-edge concept and has earned many notable accolades. He was featured in the Financial Times, Forbes and most recently, the leading international publication, The Sunday Times Business section on 1st December, 2019.

In November, the company was awarded a £100,000 prize and has been selected to join the Nesta Open Up 2020 Challenge. Kalgera won the UCL George Fahra New Venture Award, being named by Tech Nation as one of three ‘Top New Financial Inclusion Startups’, and listed by Centrica as one of the ‘Top 20 Global Ageing startups’.
Dr. Penn has also contributed to discussions around public policy at 10 Downing Street and is also a member of the All Party Parliamentary Group for Longevity. He is also a fellow on the NHS England Clinical Entrepreneur Programme and has secured over £300,000 in private equity investment.

With the increased funding capacity, Dr. Penn and his team are poised to grow Kalgera and plans to reach new markets in the future, the BVI is certainly on the horizon.
Newsletter

Related Articles

0:00
0:00
Close
Taxpayer Support Grows for Higher Digital Levies on Multinational Tech Companies
Bank of England Signals Caution Over Inflation Despite Easing Energy Prices
Lloyds Banking Group Expands Artificial Intelligence Hiring Amid Sector-Wide Automation Shift
Film Producer Corporate Collapse Leaves Creditors Facing Unrecoverable Losses
UK Ten-Year Brexit Anniversary Highlights Ongoing Political and Economic Uncertainty
Nottingham Maternity Scandal Inquiry Reveals Systemic Failings in NHS Care
Met Office Heatwave Prompts Public Health Warnings Across United Kingdom
Concerns Rise Over Fiscal Stability as Political Uncertainty Weighs on UK Borrowing Costs
UK Taxpayers Back Higher Digital Taxes on Global Technology Firms, Survey Shows
Bank of England Holds Interest Rates Steady Amid Persistent Services Inflation
Reform UK and Opposition Leaders Call for General Election Following Starmer’s Departure
Ten Years After Brexit Referendum, UK Faces Ongoing Political Fragmentation and Economic Debate
Nottingham University Hospitals Maternity Inquiry Exposes Severe NHS Failures
Met Office Issues Heat Health Alerts as United Kingdom Faces Record-Breaking Temperatures
Andy Burnham Emerges as Front-Runner for Labour Leadership After Starmer’s Resignation
Keir Starmer Resigns as UK Enters New Phase of Political Leadership Transition
UK Expands Alcohol Ban Enforcement Using Tagging Technology Ahead of World Cup
UK Invests £50 Million in Critical Minerals Supply Chain Security
UK Appoints Special Envoy on Preventing Sexual Violence in Conflict
UK Introduces Fines for Landlords of Unsafe Rental Properties
Reform UK Leads Opinion Polls as Immigration Debate Reshapes UK Politics
Police Investigate Edinburgh Attacks as Potential Hate Crimes
King Charles to Publish Personal Tax and Royal Household Financial Records
Nottingham University Hospitals Maternity Inquiry Report Set for Publication
Heat-Health Alerts Issued Across London and Southern England Amid Rising Temperatures
UK Economy Shows Pressure From Middle East Conflict Despite Modest Growth
Brexit Anniversary Reignites Debate Over UK Economic and Political Direction
UK Parliament Continues Legislative Work Amid Leadership Transition
Financial Markets Hold Steady After UK Leadership Shake-Up
Andy Burnham Enters Labour Leadership Race With Strong Parliamentary Backing
Keir Starmer Resigns as UK Prime Minister After Two Years in Office
Reform UK MP Lee Anderson to Raise Pension Concerns Over British Coal Staff Superannuation Scheme
UK Parliament to Debate Newborn Screening for Spinal Muscular Atrophy Following Public Petition
Met Office Warns of Water Safety Risks During Heatwave as Temperatures Peak in England
Treasury Increases Mileage Allowance Payments for 2026–27 Tax Year to 55 Pence Per Mile
UK Government Raises Electricity Generator Levy to 55 Percent in New Revenue Measure
House of Lords Moves Financial Services and Markets Bill to Committee Stage Amid Regulatory Scrutiny
Westminster Hall to Debate Petition on Pro-Israel Influence in UK Politics
UK Parliament Prepares for Estimates Days Debates as Backbench Business Schedule Approved
Armed Forces Bill Nears Final Stages in UK House of Commons With Military Justice Reforms
Donald Trump Comments on UK Political Situation, Citing Immigration and Energy Policy Concerns
Andy Burnham By-Election Victory Fuels Speculation Over Potential Labour Leadership Contest
UK Economy Shows Resilience but Faces Headwinds from Middle East Tensions, UK Finance Says
UK Parliament Opens Week of Debates on Net Zero, Security and Armed Forces Reform
Met Office Issues Amber Extreme Heat Warning as Temperatures Expected to Reach 35C Across England and Wales
Prime Minister Keir Starmer Faces Mounting Leadership Pressure After Makerfield By-Election Defeat
London Hotel Wins World’s Best Afternoon Tea Award at International Hospitality Guide La Liste
Court of Appeal Rules in Favour of Competition and Markets Authority in Phenytoin Drug Case
Chichester Waste Site Suspended After Environment Agency Finds Serious Fire and Pollution Risks
UK Appoints Chris Elmore as Special Envoy on Preventing Sexual Violence in Conflict
×