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UK-Australia FinTech Bridge programme brings nine UK fintechs to Australia

The UK’s Department for International Trade (DIT) has brought nine UK fintech companies to Australia under the UK-Australia FinTech Bridge Pilot Programme, it said in a statement.

The FinTech Bridge cohort will explore business opportunities and partnerships in the Australian market. It will first showcase the strengths of the UK fintech sector at Australian fintech industry conference Intersekt in Melbourne, and will then head to Sydney for a program of meetings and events.

Launched in March 2018, the UK-Australia FinTech Bridge was formed to forge strong links between the two fintech eco-systems. The bilateral agreement aimed to strengthen engagement on fintech policy and regulation, facilitate trade flows and access to capital opportunities and address barriers to international growth.

Any UK fintech businesses expanding into Australia and Australian fintech businesses expanding into the UK are eligible to benefit from the Fintech Bridge programme.

“It is great to see such a strong cohort of UK fintechs visiting Australia – it says a lot about the opportunities in this market and the potential to further build our 2-way trade and investment links,” said Michael Ward, British Consul General and UK Deputy Trade Commissioner, Asia Pacific – Australia and New Zealand.

“The UK-Australia FinTech Bridge has been a tremendous success to date with over 24 Australian fintechs setting up in the UK since its inception and more than 14 new UK fintechs doing business in Australia and I encourage companies in both countries to take advantage of the opportunities it offers,” he said.

The programme works to lend selected UK fintechs support to accelerate their Australian expansion and vice-versa. Last month, DIT supported 10 Australian fintechs on a visit to the UK for a similar programme.

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