Innovate Finance, the UK fintech membership association, has welcomed the Australian Trade and Investment Commission (Austrade) as its latest International hub member.
Innovate Finance will support Austrade in its mission to expand opportunities for Australian fintechs seeking to build new and strengthen existing connections to the UK fintech ecosystem. Building on the success of the existing UK-Australia FinTech Bridge, it sees this partnership as an excellent opportunity to develop deeper connections between the two countries at an important time, enabling their respective fintech communities to take advantage of opportunities overseas.
Charlotte Crosswell, CEO of Innovate Finance, said: “I am delighted to welcome Austrade as our newest International Hub member. As we emerge from the pandemic, the UK has a vital role to play as a leader in fintech, and we look forward to working with Austrade to build deeper connections between our respective fintech ecosystems.”
Austrade is spearheading Australia’s fintech ambitions overseas, with the purpose to support the development of a vibrant fintech industry. It aims to facilitate collaboration among the participants and stakeholders of the fintech ecosystem, and develop global relationships that will advance the country’s ambitious fintech vision.
More than 250 global members have joined the Innovate Finance ecosystem to date. These companies range from seed-stage start-ups to global financial institutions and professional services firms. All benefit from Innovate Finance’s leading position as a single point of access to promote enabling policy and regulation, talent development, and business opportunity and investment capital.
Jennifer Mackinlay, A/g General Manager Europe, Austrade, said: “On behalf of Austrade, I am thrilled about this Austrade – Innovate Finance collaboration. This partnership will be a real enabler for Australian fintechs seeking to do business in the UK and UK fintechs looking to set up in Australia. It will equally provide a fantastic platform for our respective fintech ecosystems to grow their collaboration.”