Landmark Report Highlights Growth Ambitions of UK Fintech Sector
Posted: Tue Mar 20, 2018 12:57 pm
The worldwide fintech sector saw a massive growth in recent years, and the expansion is far from over, according to a newly-published report by the London Stock Exchange Group along with TheCityUK.
The report named “Finance for Fintech” explores the scale, ambitions, and barriers to international growth faced by global fintech companies.
According to the study, which includes interviews over 400 fintech companies across Australia, Germany, Hong Kong, Israel, Singapore, Turkey, the UK, and the USA, cross-border expansion is a key growth factor, with 72 percent of the participating companies planning to expand their businesses into new countries.
The US (33 percent), ... (read more)