Leading fintech trade association welcomes chancellors venture capital attention to tech start-ups
The Emerging Payments Association, one of the major fintech trade associations supporting over 100 of the country’s leading technology innovations in the financial services sector, has welcomed the chancellor’s announcement of a £400m allocation to a Venture Fund to assist tech start-ups.
Speaking from the Emerging Payments Pay360 Conference in London, Tony Craddock, CEO of the Emerging Payments Association said:
“Fintech start-ups offer huge future wealth to the country, but accessing early stage funding is a major barrier to many of them succeeding, and we see far too many moving to other parts of the world for their development finance. The chancellor’s announcement is a recognition of this and we very much welcome it.”