Eileen Burbidge says “London and the UK will lead the fintech sector”

Passion Capital investor has marked start of London Fintech Week 2015 which will run until September 20...

High-profile venture capital (VC) investor Eileen Burbidge MBE has claimed that American’s Silicon Valley cannot compete with London when it comes to financial technology (fintech), as the capital celebrates the second annual London Fintech Week.

Running from September 14 to September 20, London Fintech Week seeks to “unite the world of fintech in the world’s financial capital” with a series of conferences, advice sessions and networking events hosted throughout the week.

Discussing the role of the UK’s fintech sector globally at the launch event, Passion Capital partner and UK Treasury special Burbidge said:

“London and the UK will lead the fintech sector. It can’t be Silicon Valley, they have produced a few start-ups like Stripe but numbers are tiny compared to the UK.

“Collaboration between the eco-systems finance, technology and government is unique to the UK and can’t be replicated in the US.”

Her comments come just a few months after prime minister David Cameron pledged to make the UK a world leader in fintech by 2020 and promised to create more jobs in the sector.

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