London Stock Exchange welcomes DIT Canadian fintech trade mission
London Stock Exchange welcomed the Department for International Trade’s (DIT) fintech trade mission to open trading this morning. 12 prominent Canadian fintech companies, accompanied by CIBC bank, will be introduced to the world’s leading financial centre, be provided with valuable market insight, and meet with industry experts and mentors.
The 13 companies, from British Columbia and Ontario include: Blockchain Technology Limited, CIBC, Control, Grow Financial, Horizn, Kooltra, Lendified, OutsideIQ, Q4 Inc, RentMoola, Sensibill, Veriday, and Zafin.
The mission, which is supported by British Airway’s On Business programme, will be given the opportunity to network with leading fintech peers during the Fintech Connect Live conference and European Digital Banking summit in London. In conjunction with the mission, three of the organisations; OutsideIQ, Q4, and Zafin, announced new investments into the UK to grow their EMEA business.
This is the second time in three months that Canadians have engaged the LSE with the British Columbian government becoming the first foreign government to issue a Masala bond in September.
Michael Charlton, Value Managing Director for DIT, spoke during the opening about the strength of the UK’s fintech offer which in 2015 generated £6.6 billion in revenue and £524 million in investment. The sector now employs over 61,000 people supported by the UK’s talent, capital, demand, and, in particular, its policy and regulatory environment.
Director General of DIT Canada and Consul General Toronto Kevin McGurgan said:
“London Stock Exchange is the best places for mid-cap businesses to raise additional. As these Canadian businesses look to the UK to continue their growth, LSE provides a unique source of capital with proven global reach”