Source: Innovate Finance
Innovate Finance, the independent membership organisation representing FinTech, today announced it is joining a delegation to Switzerland this week as part of a FinTech trade mission organised by UK Trade & Investment (UKTI).
The two-day mission on the 4th and 5th of November addresses investor and partner audiences in Zurich and Geneva. Its aim is to promote the UK’s innovative FinTech sector, attract investment and boost business opportunities.
Switzerland is currently ramping up its FinTech initiatives with the launch of new incubators to help start-ups such as SIX Group and Fusion. The country is also developing expertise in “robo-advice” for wealth and asset management, and cyber security. The mission will give local institutions and investors a chance to meet with firms that are developing technologies in the FinTech space including distributed ledger technology and data analytics for risk and portfolio management in asset management, banking and insurance.
Among the FinTech start-ups selected for the trip are Innovate Finance members Bankable, Clear Macro, Credits, Feature Space, Live Data Set, Origin, Percentile, Prophis and Sybenetix. As well as supporting UK firms looking for investment and customers, the event is part of an initiative by UKTI to also attract talent and FinTech firms to London.
Commenting on the significance of the mission Lawrence Wintermeyer, CEO of Innovate Finance and London Tech Ambassador said: “The UK FinTech road show in Switzerland will offer innovative UK-based FinTech companies an opportunity to meet potential investors and partners from major institutions in Switzerland. As the world’s leading FinTech hub, the UK has the talent and expertise to transform the future of the global financial services sector. We are looking forward to showcasing our FinTech members on this mission and helping them to raise their visibility among institutional players and investors.”
Britain’s FinTech market generates £20bn in annual revenue and over 44,000 people work in the sector in London alone - more than both Silicon Valley and New York. A recent report from William Garrity research showed over 10 percent of global FinTech investment has gone to the UK this year and start-ups based here have pulled in more than the rest of Europe combined.