Grow and GoGlobal with Fintech

Urica Limited partnered with East London Export Club (ELEC) to host a Business Seminar evening to support UK Tech companies to export on an International platform. This was held 21 September 2016 at WeWork Chancery Lane, London.



Introduction by Ade Awokoya, Founder ELEC. The speakers were Mark Walker, London & Partners (L&P) and Wayne Morris, Urica Ltd with an expert panel included.

The event was to proffer a joined up view to export with Mark’s talk on “Go to Grow” and Wayne on “Export Finance”. The panel experts on Fintech were to explain how the technology was now the defacto platform for export payments. i.e. Urica payment system is actually based on fintech innovation.



UK Export Gateway to GoGlobal
Ade’s introduction focused on the how East London was now the prime UK Gateway to GoGlobal. His main premise was that it is an often overlooked fact that the Creative and Technology sectors are the growth areas for Exports. He then provided a summary on how to prepare an export strategy for business growth.



Fintech GoGlobal Presentation
Made by Mark, Tech & Urban Specialist with L&P. One of the paramount issues is Regulation and the “Fintech Bridge” is part of the UK Government’s commitment to support the Fintech sector as it continues to go from strength to strength. Route to Market would involve •Direct •Partner •Hybrid – depending on stage of company. There is Government support for Fintech Startups available from Mayor’s International Business programme. This includes Mentoring, Workshop and Events. Find out more www.GotoGrow.London.

Export Finance to GoGlobal
Wayne from Urica expounded on the TWO biggest barriers to going global and how to overcome them.
Lack of Finance: This problem compounds when your customers are based overseas and •Certainty of Payments: If you don’t have certainty of payment, then going global could be the end of your business.
•Urica provides one simple solution to both problems:
URICA is backed by the UK Government’s British Business Bank and is an online, real time, cloud based platform that connects companies to a strategic alliance of global players and provides a holistic solution. As a global supply chain funding network, it provides early payment terms for SMEs , taking only a small discount and is deemed superior to using Commercial Banks or Invoice Finance.
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