The Department for International Trade (DIT) has announced six British FinTech companies have been chosen for the third trade mission to Finnosummit, the largest FinTech conference in the Latin America and the Caribbean region.
The conference, which will have over 3000 entrepreneurs, financial services innovators, financial executives, and international investors in attendance, will take place in Mexico City from 9-13 September, and will offer UK FinTech firms the opportunity to:
• Participate in a Mexico FinTech immersion day, allowing them to have a clear understanding of the Mexican FinTech ecosystem
• Network with senior executives in banking, insurance, technology and finance and attend bespoke one-to-one meetings
• Attend presentations from industry insiders which will outline the main issues and considerations of doing business in Mexico
• Attend workshops to help them showcase their expertise to business audiences
The businesses were chosen for their cutting- edge financial solutions expertise, in a rigorous recruitment process, which prioritised companies which could meet the market demands and needs specific to Mexico. Mexico City was chosen to host the conference as it is home to the largest FinTech ecosystem, including hundreds of businesses, in the region.
Liz Truss, Secretary of State for International Trade, said: “The companies chosen for this year’s mission to Mexico showcase the best in class of our world-leading FinTech industry, which continues to attract the highest levels of capital in Europe.
“Whether it’s our comprehensive State of the Nation report, partnerships with FinTech Alliance, or the launch of our new Pilot Bridge Programs, DIT continues to be a firm ally to the UK’s FinTech industry and I am delighted we are supporting this mission to Finnosummit.
Joanna Crellin, Her Majesty’s Trade Commissioner (HMTC) for Latin America, said: “The strength of the UK’s thriving FinTech sector is rapidly receiving great interest around the world. We are delighted to be supporting these FinTech firms as they offer their innovative solutions to one of the fastest growing ecosystems in Latin America and the Caribbean.
“Mexico has taken significant steps in providing an open and collaborative market for FinTech to flourish in supporting underserved businesses and helping to meet the needs of the financially excluded.”