February 15, 2019

Fitek UK present at Department of International Trade FinTech Mission February 2019

A delegation of 22 international FinTech scale-up firms from 9 different countries across Europe visited the Northern Powerhouse from 11-14th February, during which time they met with UK organisations to explore potential commercial opportunities in the UK market.

The International FinTech Mission was led by the Department for International Trade (DIT) and Foreign & Commonwealth Office (FCO).

Across three days, the delegates engaged in a range of networking opportunities with UK organisations, including taking part in a FinTech North seminar in Leeds on 14thFebruary. At this event, Fitek UK’s Tristan Chuku presented to the delegates and outlined both the opportunities and challenges of starting a business in the UK.

Delegates were keen to find out the level of financial support and incentives available to them in the UK.  Tristan was able to answer questions based on his experience and that of Fitek who themselves were a delegate at a similar event last year.

The event was held was held at aql’s iconic Salem Chapel. The listed building has been converted into a data centre and an events space, where speakers deliver their presentation from a glass floor above the servers. Over 150 people attended the event.

During the afternoon, a session was held with the team from the Leeds City Region LEP who have worked with Fitek and supported the Leeds operation.

DIT’s Northern Powerhouse FinTech specialist Jeremy Coupland closed the event by thanking Fitek and others for taking part in the mission and reflecting on a successful few days across the north.

“Invoice finance is a very sensible option for a business to improve liquidity. The cost of this liquidity can be offset against savings and efficiencies that technology such as the FitekIN accounts payable solution can deliver” — Mark Baterip, UK sales Manager Fitek.

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