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Wealthify CEO, Richard Theo, launches FinTech Wales to champion FinTech services in Wales

FinTech Envoy for Wales and Wealthify CEO spearheads the launch a new Welsh Government initiative to develop and support the FinTech and Financial Services industry in Wales.
Wealthify CEO, Richard Theo, launches FinTech Wales to champion FinTech services in Wales.
Reading time: 3 mins

We’re proud to announce that FinTech Wales, a not-for profit independent membership organisation whose mission is to make Wales a global leader in the financial technology sector, has been launched today by our CEO and FinTech Envoy for Wales, Richard Theo.


Operating as a trade association, FinTech Wales aims to create the optimum environment for FinTech entrepreneurs and innovators to establish their business in Wales and give financial services companies already in Wales the support they need to flourish.


FinTech Wales will bring together key industry players to design strategies and support networks to help Welsh FinTech companies thrive. The association has established an Advisory Board of 20 members, including Wealthify and other key financial services companies in the region, such as Confused.com, Admiral, Principality Building Society, EY, Capital Law and Credas.


Commenting on the launch, our CEO and co-founder Richard Theo said: “The inauguration of FinTech Wales is the culmination of the work I have done to meet the challenge set by Parliament when I was appointed as FinTech Envoy for Wales in May 2018.


“Wales has many unique advantages as a location for FinTech, which is why I decided to establish both my businesses here. We aim to build on this and make it the best place to setup or scale-up a FinTech company. We will now develop a programme of activities to support businesses and entrepreneurs who want to setup or operate in Wales.”


A full launch, introducing each panel member and FinTech Wales’ strategy plans, is expected in the summer of 2019 and will be supported by Gavin Powell, who is the Welsh Government’s newly-appointed general secretary for the initiative.


Learn more about FinTech Wales here: www.fintechwales.org


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