Canadian fintech delegation leads to new investments in the UK

Posted On: 12th December 2016

A government backed delegation of Canadian fintech companies visited the UK, resulting in new jobs being created.canadianflag

The UK’s prowess for innovation and financial services makes it the number one investment destination for financial technology (fintech), according to a delegation of 12 Canadian companies visiting London this week.

3 companies among the delegation announced new investments in the UK as a direct result of the visit, creating around 150 jobs with more commitments expected in future.

The mission, organised by the Department for International Trade (DIT), was an opportunity to showcase the strength of innovation in the UK’s financial centres.

The 12 companies, from British Columbia and Ontario included:

  • CIBC
  • Control
  • Grow Financial
  • Horizn
  • Kooltra
  • Lendified
  • RentMoola
  • Sensibill
  • Veriday

The 3 companies announcing investments in the UK were:

  • OutsideIQ
  • Q4 Inc
  • Zafin

The companies were welcomed to the UK with a reception at Canada House, where the Canadian Deputy High Commissioner Alan Kessel affirmed the strong friendship between the 2 countries and the benefits closer relations will bring to businesses.

International Trade Minister Mark Garnier said:

“As a world leader in financial services, technology and research, the UK is embracing and leading the way in new fintech developments. DIT has been able to offer these innovative Canadian companies the chance to come to the UK, to share ideas in this fast-changing industry and highlight that the UK remains open for business.

Canadian investment in the UK has doubled in the past decade to $86 billion (CAD), and fintech is a prime example of where collaborative working and sharing knowledge and expertise can foster further opportunity.”

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