CCAF debuts new tool to track UK fintech influence
A new tool has been launched to help track the overseas influence of UK fintech companies, including UK peer-to-peer lending platforms.
The Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School and Innovate Finance have created the tool, which is free to use and follows 563 UK-based fintechs across 82 countries in order to demonstrate the reach of the UK fintech market.
UK P2P is well represented on the list, with Abundance Investment, Crowd2Fund, CrowdProperty, Folk2Folk, Plend and LandlordInvest among the companies being tracked.
“We believe this to be the first time that such a comprehensive mapping and visualisation of the UK fintech industry’s overseas expansion and connectivity has been made publicly available to inform market development and evidence-based policymaking,” said Bryan Zhang, co-founder and executive director of the CCAF.
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“Fintech and other forms of digital financial services are well-positioned to expand overseas in order to grow and scale, empirical data is therefore needed to help key stakeholders to work together and create a more enabling environment for them to go global.”
The digital tool allows users to easily identify where UK fintechs are operating from and offering services to. Users can search for specific companies, countries of interest or market segments using the search function or navigation bar.
According to the data, the top 10 overseas jurisdictions in which UK-based fintech firms have an operational presence and connectivity are the United States, Singapore, Australia, Spain, Germany, United Arab Emirates, France, Netherlands, Ireland and India.
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The top five business models represented by these firms are digital payments, enterprise technology provisioning, regtech, cryptoasset exchange and digital lending.
“This interactive digital tool is a keen illustration of the strength, connectivity and expansion of the UK fintech sector, demonstrating the industry excellence and global leadership in financial innovation by UK fintechs,” said Janine Hirt, chief executive of Innovate Finance.
“We are delighted to have been able to collaborate with the CCAF and other partners to create this excellent showcase that aims to provide visibility, clarity and evidence to enable the next chapter of UK fintech growth and expansion to overseas markets.”
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