The China-Britain Business Council (CBBC) is offering a unique chance for fintech companies to access and understand Chinese investors with the UK-China Tech Accelerator taking place on 14th December. Interested companies are encouraged to submit their applications prior to the 30th November deadline.
This programme is free to apply and attend and the six selected companies will have the chance to pitch their ideas directly to Chinese investors. This two-part programme includes an initial training session hosted by legal and fundraising consultants with a track record of raising funds and working on deals from China. They will detail how to craft a pitch for Chinese investors, legal considerations for operating in China and how to position your company to attract the interest of Chinese partners. The second part will be a digital pitching session on 14th of December, to the Shenzhen Venture Capital Association (SZVCA) and their network. Recent Chinese panellists included Sequoia Capital, Tenent, Ping An Innovation Centre, Lenovo Capital, SenseTime AI Fund and more.
This is the fourth cohort being accepted, which has included some 20 companies to date. Previous participant Marcus Dixon, the Co-Founder and COO of ChAI, a company that uses AI to predict commodity prices says, “China is obviously a vast market and from what we have seen so far there is clearly an interest in what we offer. We see it as a market which we need to get into. CBBC’s Fintech Accelerator was really useful for brand awareness.”
China is the fastest growing and most dynamic global market for emerging digital technologies. With 854 million internet users, a vibrant consumer economy, and a supportive policy regime, China has seen large scale investment across the technology sector, especially in fintechs.
China is home to the largest fintech market in the world. In 2018 alone, Chinese fintech firms attracted a record-breaking £19.4 billion of investment, accounting for 46% of that year’s total worldwide. The annual transaction value of China’s fintech sector is expected to more than double between 2019 and 2024, and the country is leading the way in areas such as peer to peer lending and big data analytics.
Located in southern China and bordering Hong Kong, Shenzhen has emerged as a global fintech hub. It is home to the People’s Bank of China Digital Currency and ranks second in China (behind only Beijing) in the number of Fintech unicorns.