UK fintech firms push govt to support growth

Quick Summary:

LONDON: Executives of some of Britain’s most valuable and fast-growing financial technology (fintech) firms warn the Labour government that London could fall behind in the fintech world if the United Kingdom fails to address some of the industry’s key concerns.

Speaking on a panel at the conference, Zilch CEO Belamant said that he had been attracted by the UK’s policies for startups when he first co-founded his buy-now-pay-later firm in 2018 and founders were eligible for £10mil in entrepreneur relief.

Last year, the Conservative government announced an agreement between nine of Britain’s largest pension providers to boost their investment in growth companies, a move it said could unlock £50bil if the rest of the industry followed suit.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaFranceSingaporeUnited Kingdom

Topics: Financial technology Fintech Fintech UK /Business/Business News Entrepreneurs

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 00:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1001 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23059136

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Official Website: thestar.com.my

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