Nuggets, the e-commerce payments and ID platform, has been backed by the Department for International Trade, the Mayor of London and the City of London, resulting in the company being invited on two major trade visits to China.
This comes in the wake of the UK Government's declaration of a "new Golden era" in UK-China relations, and shows the potential of the "fintech bridge" agreed between the two countries in 2016. Underpinned by an agreement with the UK Financial Conduct Authority (FCA), the bridge aims to strengthen regulatory co-operation and create opportunities for fintech startups in both markets.
"The technology we are building has huge implications for e-commerce markets around the world. It's great to see the UK and London supporting innovative technology companies in this way," said Alastair Johnson, CEO and Founder of Nuggets.
The three bodies have outlined how they will help Nuggets to establish its business in China and use their extensive networks to enable business development and growth.
The influential Department for International...