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FinTech Wales celebrates St David’s Day at the London Stock Exchange

FinTech Wales, the independent membership association and champion of the Fintech and Financial Services industry in Wales, has today marked St David’s Day with a market open ceremony at the London Stock Exchange, as part of Wales Week London.

Celebrating the Thriving Welsh Fintech Ecosystem

FinTech Wales will be / was joined by industry professionals, thought leaders, and key stakeholders from Wales and beyond, to recognise and celebrate the thriving fintech ecosystem in Wales.  

Proudly promoting one of the most inclusive and collaborative fintech ecosystems in the world, South Wales, is known as an emerging high-growth fintech cluster. 

2022/23 saw significant growth and development for Welsh fintechs as the Fintech in Wales Annual Report states:

  • Fintechs employ over 16,000 people in Wales
  • Investment into Welsh fintechs has increased by over 300% since 2022
  • £53 million was raised in publicly announced rounds by October 2023
  • International attraction, expansion and collaboration with Welsh fintechs demonstrate the skills, leadership and innovation available in Wales
  • There are 22,900 active, female-led companies in Wales
  • 34.6% of active companies have a woman in a leadership position — a higher proportion than any other UK nation
  • 3 key investment funds have recently been announced:
    • British Business Banks £130 million Investment Fund for Wales
    • UK-wide £1 billion Fintech Growth Fund
    • £160M Investment Zone in the Cardiff Capital Region, with further plans for another Investment Zone in Wrexham and Flintshire
    • Cardiff Capital Innovation fund £50M

Sarah Williams-Gardener, Chair, FinTech Wales comments: 

“As we look towards the future, the Welsh fintech industry is full of potential. The past year has been positive, with significant achievements, growth, and advancements within our ecosystem. We are proud of the progres we have made, the collaborations we have fostered, and the opportunities that lie ahead, and what better way to celebrate the Welsh fintech ecosystem than to host the stock market open ceremony on St. David’s Day, as part of Wales Week London.”

About FinTech Wales: 

Empowering Wales as a Globally Recognised Hub of Fintech Excellence

Launched in April 2019, FinTech Wales offers help and support to its network of members, and uses the power of the collective voice to be heard by politicians, governments and influencers in the financial services space. 

As the leading advocate for fintechs in Wales, we are dedicated to empowering fintech companies and financial services within the region to achieve remarkable success. Through our unwavering commitment, comprehensive support, and strategic initiatives, we will pave the way for a prosperous future. 

Our mission is to create a fully inclusive and supportive fintech ecosystem in Wales that empowers fintechs to flourish and make a significant impact on both the global and local stage thanks to the availability of the best talent, skills and investment.

It is our vision is to make Wales THE place to startup, scale and accelerate innovative FinTech businesses.

About Wales Week London

Wales Week London is the annual showcase of activities and events that celebrate and promote everything that is great about Wales.

This is the opportunity for Welsh organisations to promote their products and services, and develop new London-based audiences, partnerships and connections.

It's quite simple - we want to make noise, as much Welsh noise as possible.

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