A Treasury-commissioned review of the fintech sector is to recommend the creation of a £1bn fund to fuel investment in fast-growing start-ups. Led by Ron Kalifa, the former boss of payments processor Worldpay, the review – scheduled to be published early February - is looking at ways to ensure that the industry can prosper and benefit from any regulatory changes after Britain’s exit from the EU. The proposed £1bn fund would be owned by institutional investors and could hold stakes in a company even after it lists. It would not require any taxpayer funds. Mr Kalifa’s report is expected to say that the fintech fund would not only address the financing gap affecting some companies but would also help keep them in Britain and eventually guide them towards listing in London.
Read more: BBC News
Visit our website here for more news and product information, or click the button below to submit a short enquiry form for your finance needs.