Beautiful Virgin Islands

Tuesday, Jun 03, 2025

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

Beautiful Virgin Islands
0:00
0:00
Close
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
×