Fintech start-up Nuggets has been chosen by the UK government and the Mayor of London to embark on two trade missions to China this year.
The company – which has developed a blockchain-based, e-commerce payments and ID platform – will help represent the Department for International Trade, the Greater London Authority, and the City of London Corporation on the trips.
It is hoped that the government will be able to forge new business opportunities between Britain and China via the missions, which will focus on the so-called fintech bridge agreed by the two countries in 2016. Under the deal, Chinese banks and financial services companies also have access to the City, and to the wider UK market.
Nuggets, which uses biometric and blockchain technologies to let people conduct online transactions without sharing personal data, will be shown off as an example of a high-growth, UK-based fintech firm.