Adizah Tejani, head of ecosystem development at Level39, discusses the role of the technology accelerator in the growth of fintech start-ups, which, like banks, have aspirations to become global.
March 28, 2016 | Foo Boon PingThe UK is one of the fastest growing regions for fintech investment. According to UK Trade and Investment (UKTI), fintech deal volumes have been growing 74% per annum since 2008, compared with 27% globally and 13% in Silicon Valley. The value of fintech investment increased nearly eightfold, to $265 million in 2013 – a rate of 51% a year, nearly twice the global average (26%), and more than twice that of Silicon Valley (23%).
Adizah Tejani, head of ecosystem development at Level39 attributes the performance to the diversity of programmes to support fintech in the country, especially for emerging start-ups.
“In London we have a number of different programmes for fintech entrepreneurs. We also have a number of clubs where entrepreneurs can meet, network and grow such as Level39,” she explained. And one of the important aspects of fintech ecosystem is to build and match culture and talents which are creative and have an immense ability to identify problems using today’s technology.
Level39 is one of the first technology accelerator programmes specifically created to foster the growth of fintech start-ups. The company which is owned by the Canary Wharf Group was set up in March 2013. “London has a collaborative nature when it comes to fintech ecosystems. At Level39 we welcome companies from all around the world. The global nature of the fintech ecosystem in London is powerful. It means that we can tap into global money coming to London as a global financial centre. We also have access to talent who understand the industry and a vibrant technology sector to solve and address the challenges that the financial industry is going through,” she remarked.
She added that the policy environment is strong, with the mayor of London as well as the prime minister and the chancellor being strong advocates of the fintech industry.
It is this combination of a collaborative approach to policy, technology and finance that makes London a...
Categories:
Technology & OperationsKeywords:Level39, Fintech, Technology, Start-ups, Financial Institutions
Adizah Tejani, head of ecosystem development at Level39, discusses the role of the technology accelerator in the growth of fintech start-ups, which, like banks, have aspirations to become global.
March 28, 2016 | Foo Boon PingThe UK is one of the fastest growing regions for fintech investment. According to UK Trade and Investment (UKTI), fintech deal volumes have been growing 74% per annum since 2008, compared with 27% globally and 13% in Silicon Valley. The value of fintech investment increased nearly eightfold, to $265 million in 2013 – a rate of 51% a year, nearly twice the global average (26%), and more than twice that of Silicon Valley (23%).
Adizah Tejani, head of ecosystem development at Level39 attributes the performance to the diversity of programmes to support fintech in the country, especially for emerging start-ups.
“In London we have a number of different programmes for fintech entrepreneurs. We also have a number of clubs where entrepreneurs can meet, network and grow such as Level39,” she explained. And one of the important aspects of fintech ecosystem is to build and match culture and talents which are creative and have an immense ability to identify problems using today’s technology.
Level39 is one of the first technology accelerator programmes specifically created to foster the growth of fintech start-ups. The company which is owned by the Canary Wharf Group was set up in March 2013. “London has a collaborative nature when it comes to fintech ecosystems. At Level39 we welcome companies from all around the world. The global nature of the fintech ecosystem in London is powerful. It means that we can tap into global money coming to London as a global financial centre. We also have access to talent who understand the industry and a vibrant technology sector to solve and address the challenges that the financial industry is going through,” she remarked.
She added that the policy environment is strong, with the mayor of London as well as the prime minister and the chancellor being strong advocates of the fintech industry.
It is this combination of a collaborative approach to policy, technology and finance that makes London a...
Categories:
Technology & OperationsKeywords:Level39, Fintech, Technology, Start-ups, Financial Institutions
