NewsCase StudiesEvents

UKTI Australia's Inward Mission to London for fintech companies

Also in the news...

New immigration system: what you need to know

The UK has introduced a points-based immigration system.

Preparing for the Customs Declaration Service

Find out what you need to do to prepare for making declarations on the Customs Declaration Service.

Online Business Set-Up: 5 Tips to Help Your Website Rank in the UK

If youíre setting up a new online business, having a user-friendly website and sound SEO strategy thatís tailored to your target market is important. And if youíre targeting British consumers, there are a few SEO boxes you can tick to ensure you rank well on UK-based searches and drive the right traffic back to your website.

Check if youíre established in the UK for customs

Find out whether you're established in the UK for customs purposes.

Carry out international road haulage

What UK goods vehicle operators need to do to carry out international road haulage.

UKTI Australia's Inward Mission to London for fintech companies

Back to News

UK Trade and Investment (UKTI) kicks off the inward mission to London for 10 of Australia's best fintech companies.

Over 100 guests from Londonís fintech industry joined a reception at The Australian High Commission on Wednesday 10 September, in honour of the 10 visiting Australian companies. They will now embark on a week-long programme of visits sponsored by UKTI, followed by attendance  at London Fintech Week.

Eileen Burbidge, a business advisor to David Cameron and important investor in companies at the forefront of financial innovation, gave a key note speech at the reception sharing her own experiences and insights.

About the Inward Mission

While in London, the Australian companies will have the opportunity to pitch at London Fintech Week, tour Level39 (Europeís largest fintech accelerator) and make connections with some of the industryís most influential players.

Nick McInnes, Director General for UK Trade and Investment in Australia and New Zealand, said:

We are pleased to be providing support to such an innovative group of Australian companies so that they can learn from the thriving fintech industry in London and look for opportunities for collaboration and expansion.

Equally, we want to showcase the Australian fintech offering - it is a rapidly changing environment in Australia and now is the right time for British companies to look to do business here.

The delegation

The delegation represents the breadth and opportunity within fintech. The services and products on show cover areas ranging from foreign exchange, peer-to-peer lending and payment solutions, amongst others. The companies attending are:

  • Stockspot
  • Lend2Fund
  • Simply Wall St
  • On-Market BookBuilds
  • Pin Payments
  • Rubik Financial
  • CrowdfundUp
  • Deposit Markets
  • Tidy Club
  • BestExchangeRates

The opportunity in UK and Australian fintech

The UK financial services sector accounts for approximately 9.4% of UK Gross Domestic Product (GDP), with London now the biggest global centre for fintech firms, beating both Silicon Valley and New York based on the number of people the industry employs.

London is the digital heart of the UK, with more fintech startups than anywhere else in Europe. It includes Level39, which is home to some 70 companies, as well as other spaces such as Startup Boot Camp Fintech and Barclays Fintech Accelerator.

UKTIhas already assisted a number of UK fintech companies to expand in Australia. This includes companies like Ratesetter and Thin Cats, who have both recently established offices in Australia.UKTIis also working with several other British companies across peer to peer lending, foreign exchange and over the counter (OTC) trading.


You are not logged in!

Please login or register to ask our experts a question.

Login now or register.