CCAF launches new tool to track UK fintech influence
A new tool has been launched to help track the overseas influence of UK fintech companies, including UK peer-to-peer lending platforms.
The Cambridge Center for Alternative Finance (CCAF) at Cambridge Judge Business School and Innovate Finance have created the tool, which is free to use and tracks 563 UK-based fintechs in 82 countries to demonstrate the reach of the UK fintech market.
UK P2P is well represented on the list, with Abundance Investment, Crowd2Fund, CrowdProperty, Folk2Folk, Plend and LandlordInvest among the companies tracked.
“We believe this is the first time that such a comprehensive mapping and visualization of the UK fintech industry’s overseas expansion and connectivity has been made publicly available to inform market development and evidence-based policy-making,” said Bryan Zhang, co-founder and CEO. director of CCAF.
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“Fintech and other forms of digital financial services are well positioned to expand overseas to grow and scale, empirical data is therefore needed to help key stakeholders work together and create a more enabling environment for them to go global.”
The digital tool allows users to easily identify where UK fintechs operate from and offer services to. Users can search for specific companies, countries of interest or market segments using the search function or the navigation bar.
According to the data, the top 10 foreign jurisdictions where UK-based fintech firms have an operational presence and connectivity are the US, Singapore, Australia, Spain, Germany, the United Arab Emirates, France, the Netherlands, Ireland and India.
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The top five business models represented by these firms are digital payments, enterprise technology provision, regtech, crypto asset exchange and digital lending.
“This interactive digital tool is a stark illustration of the strength, connectivity and expansion of the UK fintech sector, demonstrating industry excellence and global leadership in financial innovation by UK fintechs,” said Janine Hirt, CEO of Innovate Finance.
“We are delighted to have been able to work with CCAF and other partners to create this excellent showcase which aims to provide visibility, clarity and evidence to enable the next chapter of UK fintech growth and expansion into overseas markets .”
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