The UK recently set up a new investment initiative that is aimed at helping support growth-stage financial technology (FinTech) firms until they can become entities which are publicly traded. The move aims to improve Britain’s international reputation as an important hub for FinTech investment.
UK savers seeking to invest in sectors like FinTech reach out to specialists for investment advice in Chester, London and other major financial centres. Among these experts are wealth managers who are independent financial advisors offering an unbiased opinion of assets and investment opportunities.
The new investment initiative has staunch support from major players in the UK’s financial sector, including the London Stock Exchange Group and Mastercard. Dubbed the Fintech Growth Fund, the venture aims to provide a range of investments on a sale of £10 million to £100 million to a selection of UK FinTech companies. These include challenger banks with a consumer focus, payments technology enterprises, financial infrastructure firms, and regulatory technology start-ups.
The new fund has advisory support from Peel Hunt, the UK-based investment bank and intends to help companies during the growth phase of funding, especially in the Series C rounds for funding and beyond. The formation of the initiative was influenced by a review conducted last year, which studied whether Britain’s listing environment was now unfavourable for firms in the tech sector.
However, industry insiders state that Britain is maintaining its current status as key global financial centre, due to factors like its business-friendly regulations, established legal frameworks and favourable location.
