By Aisling Finn on Tuesday 20 April 2021
Innovate Finance and Austrade are hoping to bolster the UK-Australia fintech bridge and encourage fintechs to put down roots in the respective countries.
Innovate Finance has added another global member to its ever-growing list of overseas supporters.
The Australian Trade and Investment Commission (Austrade) has joined the fintech industry body’s impressive member base.
Austrade and Innovate Fiance will work together to help deepen the existing relationship between Australia and the UK and work to strengthen the UK-Australia fintech bridge, encouraging fintechs from both countries to expand into the opposite market.
“As we emerge from the pandemic, the UK has a vital role to play as a leader in FinTech, and we look forward to working with Austrade to build deeper connections between our respective FinTech ecosystems.”
Post-Brexit, the UK’s relationship with Australia has been highlighted as vitally important and today’s announcement deepens that belief.
“On behalf of Austrade, I am thrilled about this Austrade – Innovate Finance collaboration,” Jennifer Mackinlay, A/g General Manager Europe at Austrade, added.
“This partnership will be a real enabler for Australian fintechs seeking to do business in the UK and UK fintechs looking to set up in Australia. It will equally provide a fantastic platform for our respective fintech ecosystems to grow their collaboration.”
More than 250 global members have joined the Innovate Finance community to date, with members ranging from seed-stage startups to global financial institutions.