CTA: Canadian Fintech Opportunities to Enter the UK

UK Opportunity | Jan 17, 2024

Image: Unsplash/Giammarco Boscaro

The Canadian Technology Accelerator (CTA) program is now inviting Canadian Fintech companies to explore and expand to the UK market

The UK’s financial services sector, contributing over $460 billion to the economy and accounting for about 12% of the GDP, is a world leader. The progressive regulatory environment, including an Open banking regime, positions the UK as Europe’s leading Fintech hub, with over 3,200 FinTech companies, and $23 billion of PE and VC investments last year.

The Canadian Technology Accelerator Program

The CTA program is organized by the Canadian government and tailored for Canadian Fintech companies looking to enter the UK market. It offers:

• Market briefings and sector-specific sessions.
• Access to investments, pilot projects, and partnerships.
• Networking with potential buyers, partners, and investors.
• Mentoring and strategic market entry guidance.

Who Should Apply?

Targeted at high-potential, scale-up stage FinTech companies, applicants should have a revenue-generating business, a validated technology, and a clear UK market entry strategy.

See:  Plaid’s Annual ‘Fintech Effect’ Report Shows 84% of UK Consumers Use Fintechs to Manage Money

The program focuses on various Fintech areas, including:

• Paytech
• Wealthtech and Asset Management
• Regtech
• Credit and Lendingtech
• Digital Banking and Open Banking Technologies
• Digital Identity Technology

Structure

This 8-week hybrid program begins on February 26, 2024 and includes:

• Virtual onboarding and needs assessment.
• Participation in the Innovate Finance Global Summit.
• Market briefings, mentorship, and coaching sessions.
• Strategic B2B introductions.

See:  Allica Bank’s Rise as UK’s Fastest Growing Fintech Ever

Key Dates

• Application Deadline: January 24, 2024, at 11:59 pm PT
• Program Dates: February 26 to April 19, 2024
• Time Commitment: About 2 hours per week
• In-market activities in the last week of the program

Outlook

The UK’s FinTech sector presents significant opportunities for Canadian companies. The CTA program offers a comprehensive pathway for Canadian innovators to engage with this vibrant market.  Previous participants have lauded the program for its valuable insights and networking opportunities, describing it as an ideal platform for entering the UK market.  Contact Information: For more information, contact Claudio Ramirez, Manager of the Canadian Technology Accelerator – United Kingdom, at claudio.ramirez@international.gc.ca.

Apply Now –> here

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada’s Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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• Source: https://ncfacanada.org/cta-canadian-fintech-opportunities-to-enter-the-uk/