Remitia has become the first member of Boris Johnson’s US trade mission to strike a deal stateside.
Remitia is part of Innovate Finance which is accompanying the Mayor on his trip to the US.
The payment and big data technology platform has agreed a strategic alliance with Boston headquartered eProcurement firm Elcom International.
The pair will now work together to explore new methodology and technology to provide the SME market with enhanced connectivity with buyers, including those in the government sector.
Complimentary skills
Remitia founder David Brown said the firms complementary skills would enable them to “provide a market leading solution to government agencies and the private sector.”
Commenting on the deal Brown said:
“We are very excited to be able to announce this partnership so early on in Mayor Boris Johnson’s fintech trade mission to the USA.
“Thanks to Boris’s foresight in encouraging and enabling UK tech start-ups to approach the US market with this delegation, we have managed to form an alliance that will encourage growth for SMEs.”
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The Mayor’s six-day trade mission is aimed at bolstering London’s science and technology industries and will visit Boston, New York and Washington DC.