There’s a fresh mission to woo foreign fintech startups to UK shores after Brexit

The UK is seeking to woo foreign fintech firms after Brexit with more than 50 startups set to head to London.

The government and City institutions will host companies from more than 13 countries inside the European Union and outside the bloc, in a fresh bid to shore up the sector.

It comes as fresh figures revealed the UK lured more investment into fintech startups than China last year. The $1.8bn of cash flowing in marked a record year easing fears of a slowdown in the wake of the Brexit vote.

The inbound trade mission organised by the department for international trade (DIT) and foreign and commonwealth office (FCO), along with the London Stock Exchange, City of London and Natwest, will seek to boost the capital’s status as a world leading hub for fintech.

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