John Glen, the Economic Secretary to the Treasury, has visited Cardiff to launch Wales’ first FinTech accelerator.
In Brief:
He was there to open the Fintech Wales Foundry.
It aims to link FinTech startups to mentors, investors, infrastructure and technology.
Glen also met with young people taking part in the Kickstart scheme with Fintech Wales.
What does this mean?
At the event, John Glen commented: “FinTech is one of the UK’s great success stories thanks to forward-thinking firms that are innovating, creating quality jobs and shaping our economy for the future.
“We’re determined to help FinTech firms succeed here so we’re introducing new visa routes to attract the best talent, help to expand overseas and more regulatory support for companies to innovate as they grow.
“It’s great that this new accelerator will now give Cardiff’s promising FinTech hub an extra boost and help to bring a bit more Silicon Valley to the Welsh Valleys.”
