FinTech

Future focused finance

The UK's offer

  • Work with regulators with a mandate to help firms innovate
  • Access the world’s biggest pool of client and partner financial and professional services firms
  • Reach out through a global network of fintech bridges reducing barriers to entry to international markets
  • Benefit from more fintech funding than any other centre in Europe
  • Lead the field - in one of the world's most cutting edge fintech industries
  • Join more than 1600 fintech firms - set to double by 2030

Shaping the future of financial services

A world-leading fintech centre, the UK offers a unique proposition: world-class talent and clusters of expertise UK-wide, a forward-thinking approach to regulation, access to capital, and proximity to a forward looking financial service sector. This has put the UK at the cutting-edge of fintech innovation – from peer-to-peer lending, to challenger banks, cyber, insurtech, regtech and blockchain.

Fintech is more than a subsector in the UK. The whole financial services industry has embraced its evolution, delivering new client-centric and innovative products, services and solutions. Driven by innovation and technology, the sector is increasing the efficiency of established players and strengthening connections with financial centres across the world. Fintech bridges have already been set up with Australia, Hong Kong, Singapore, China and South Korea.

Increasingly purpose-led and a force for good, the UK supports the role of fintech in reducing inequality and boosting economic growth across the world. 

Download Fact Sheet

Expertise, investment and talent around the country

Fast developing fintech clusters across the whole of the UK are driving growth and innovation. The Innovate Finance and Department for International Trade 'UK Fintech, State of the Nation Report' has more detail

Read more

Financing growth

More fintech investment poured into the UK than any other European centre in 2018, with venture capital and private equity invested a record $3.3bn, putting the UK ahead of Germany at $716m and Switzerland $328m. Growth in funding is only accelerating - this represents an 18% increase year on year.

 

Portal to global capital

50% of fintech investment flowed in from overseas, largely North America (25%) and Europe (18%) in 2018

Portal to global capital

A world leading destination for investment

Worldwide only the US and China attract more fintech investment than the UK

A world leading destination for investment

A thriving tech sector

The wider tech sector attracted $7.9bn of venture capital investment in 2018 - more than the rest of Europe meaning a healthy pipeline of tech collaborators

A thriving tech sector

An outstanding talent pool

76,500 people work in fintech UK-wide, this number is set to grow to 105,500 by 2030, boosted by a pipeline of diverse digital and financial talent and world class universities. 

Customers and partners

With the world's largest cluster of financial and professional services providing a vast pool of both clients and partners and a connected consumer market, the UK offers an unmatched opportunity for growth.

Deloitte rates London as 'excellent' for access to fintech customers. With the highest rates of consumer fintech adoption in developed economies - 71% of UK consumers already use fintech services.

71%

Fintech adoption rate

UK fintech adoption rate is 71% - well above global average of 64%

98%

Superfast broadband coverage

by 2020, UK-wide - it currently stands at more than 95%

82%

of incumbent financial services firms

expect to increase fintech partnerships in the next 3-5 years

#1

Deloitte ranks London

as the top city worldwide for fintech

"Being able to attract money and investment through the City of London means it is always an attractive place for fintechs to start."

Jana Mackintosh, Director of Government Affairs and Public Policy Worldpay

Partner story

R5FX: 'As the City lies right in the middle of the global day, London is the perfect location – straddling Asia and the Americas.'

R5FX: 'As the City lies right in the middle of the global day, London is the perfect location – straddling Asia and the Americas.'

Partner story

Worldpay: 'There is a lot of support for companies like ours to establish ourselves and innovate in the UK market.'

Worldpay: 'There is a lot of support for companies like ours to establish ourselves and innovate in the UK market.'

Partner Story

Goldex: 'London was the obvious choice as the hub of cutting-edge technology.'

Goldex: 'London was the obvious choice as the hub of cutting-edge technology.'

Partner story

Tribe Payments: 'London is the fintech capital of the world. There is so much innovation happening here. '

Tribe Payments: 'London is the fintech capital of the world. There is so much innovation happening here. '

Everything you need

The UK offers you everything you need to grow your business.

We have a global outlook, which means we understand your business needs. The depth and breadth of our offer mean unparalleled opportunities for you to grow. Innovation is what we do - creating an inspirational ecosystem where you can thrive. 

Choose the UK