Fintech Startups London #1 TOP FINTECH COMPANIES LONDON Fintech UK Fintech

What does the term and expression Fintech mean?

The expression refers to both Financial technology and the general category composed of companies that create innovative technology to make financial services more efficient

What is the definition of a Fintech Company or Startup?

A Fintech Company is typically a new startup that is developing or utilising new technology to make the world of banking and financial transactions more efficient.

Is the Financial Technology Category a Growing Market?

The global fintech market was valued at about $127.66 billion in 2018, and is expected to grow to $309.98 billion at an annual growth rate of 24.8% through 2022. – PRNewsWire

Is Working For A FinTech A Good Career Choice?

100% Working for a financial technology company is probably one of the best and most exciting careers choices you can make as it combines three of the hottest categories i.e. Startup, Technology, Finance which all can lead to international careers

Fintech Startups London #1 TOP FINTECH COMPANIES LONDON Fintech UK Fintech

The UK capital is one of the largest financial hubs in both Europe and the world with the London Stock Exchange having a captialisation in excess of $4.5 Trillion and is the world’s largest exporter of financial services.

And one rapidly growing sector that is powered by innovation, it’s financial technology

But who are the big players on the financial technology London scene?

Click the button to jump straight to the new fintech players on the block…

Best Fintech Startups London

In this list we cover the financial technology brands and scale ups you should be watching out for in 2020

fintech startups london

1. Starling Bank

London Fintech Startups Founders London UK Starling Founders team

This new app only challenger bank has made an impact on the UK financial scene since it received its banking licence in 2016 picking up no fewer than three gongs at the 2019 Smart Money People British Bank Awards including Best British Bank, Best Business Banking Provider and Best Current Account Provider.

Starling was the first brand in the UK to launch a mobile-only current account and also offers business accounts which is a great advantage as well as all the features you’d expect from a high street bank.

Starling Bank - Fintech Startups London
Starling Bank – fintech london leader

As a result of this Starling Bank is close to £1 billion and will start turning a profit this year. Like, actually making money as a startup.

Impressive….

“We, as usual, like to do things differently – the Starling way,” said Boden. “And what we’re doing now is expanding our product range and innovation hand in hand with growing our businesses, with a clear path to reaching profitability.”

Expect in 2020 to see Starling expand into Europe.

2. TrueLayer

TrueLayer - Fintech Startups London
True Layer – hot top fintech companies UK

With its proprietary API, TrueLayer gives smaller startups access banking data while avoiding – like all APIs – the need to build, design and maintain their own systems.

“Open Banking is about much more than liberalizing the finance industry to increase competition and reduce costs,” said Cofounder and CEO of TrueLayer, Francesco Simoneschi. “It is also about raising security standards and protecting consumers and businesses. Online fraud ripples out and raises costs for everyone making card payments.”

TrueLayer has already launched a beta of its own Payments API.

This API enables businesses to start accepting cash via payments through Open Banking

Trussle as a result have signed big deals with Zopa, BitBond, ClearScore and Anorak, amongst many others.

With so many new and huge markets to enter and almost endless potential partners to partner with, TrueLayer has “true” (Ed: groan….) potential to hyper grow their revenues in 2020 as they fine tune their offer.

Hot Fintech Startups London - Truelayer Top Fintech Companies Londo
True Layer – fintech london

Nutmeg

Nutmeg - Hot Fintech Startups London Top Fintech Companies London

Nutmeg thinks it’s one of the fintech UK companies with a difference by not developing complex algorithms to make decisions on behalf of its customers and instead relies on human beings to perform this role.

So 70s….

nutmeg - Fintech Startups London

But that hasn’t stopping Nutmeg enjoying significant growth with over 50,000 customers causing Banking (Ed: removed through fear…) Goldman Sachs to invest in a funding round of $58 million.

“Our customers are our greatest advocates and we wanted to give them an opportunity to invest in, as well as with, a business they’ve helped to make a success,” 

Martin Stead

Nutmeg CEO and Director
Nutmeg Top fintech firms UK

Funding Circle

London Fintech Startups Founders London UK Funding Circle Founders
Funding Circle – fintech london

Funding Circle is one of the largest UK peer-to-peer lenders and the first to go public with close to 50,000 small to medium-sized UK businesses borrowing a total of £5 billion on its platform.

Funding Circle has had some ups and downs since it went public but recently announced a record year so lets watch this space

Funding Circle - Hot Fintech Startups London Top Fintech Companies London

“In the third quarter, loans under management reached £3.7 billion and projected returns for 2019 continued to show an improvement over recent years,”

Co-founder and CEO
Samir Desai.

Fundamentally Funding Circle pairs up small and amateur lenders with small loan-takers.

Funding Circle Top Fintech Companies UK

Monese

London Fintech Startups Founders London UK Monese founder

Monese offers current accounts and money transfers to a ew generation of consumers and has a good reputation for its quick and simple application process.

READ
Best Fintech Startups London - Thought Machine

In September 2019, Monese raised a gigantic $60 million in series B funding led by Kinnevik and others including PayPal so watch this space!

Monese - Fintech Startups London
Monese – Fintech UK
Monese Fintech startup UK

Monzo

London Fintech Startups Founders London UK Monzo Founders

Monzo is probably the most known fintech company has produced recently

Winners of the Best Banking App gong at the Smart Money People awards and was at the time of press just behind Starling in terms of revenues.

Monzo entered the fray as a challenger bank scene in 2015 focussing on developing an intuitive banking experience for customers and were very much successful in this ambition and is now holding around $1.1 billion in deposits

Monzo - FIntech Startups London
Monzo is the Best Fintech Startups London employer according to Linkedin

“we’re literally the safest bank you could possibly imagine, because the money just sits in the central bank. It seems bizarre. Anyone from another bank who looks at our balance sheet just scratches their head. They can’t understand it. Unless the UK fails as a country, that money is safe.”

CEO Tom Blomfield
Monzo Logo Fintech UK startup

Receipt Bank

London Fintech Startups Founders London UK Michael Wood Receipt Bank

Receipt Bank offers its clients cloud computing with AI and data handling thrown in which means Receipt Bank helps them saves time and effort by enabling the automatic compilation of accounts and expenses.

Receipt Bank - Fintech Startup London UK 2020
Recept Bank – Fintech UK riser

Through this process users are able to download spreadsheets and reports and connect up the platform with their existing software and has been embraced by clients.

Receipt bank fintech startups london

Trussle

London Fintech Startups Founders London UK Trussle Founders

The mortgage space and InsureTech and Lending in general is one that has traditionally found itself highly resistant to digital transformation.

Well that as we know is all changing and online broker Trussle is a high profile entry to our fintech startups London list as its mortgage comparison platform seems to be breaking out.

Trussle - Fintech Startups London
Trussle – Fintech UK rising star

Trussle doees this by scanning different lenders to find customers the best mortgages available and then continuously monitors the market post-sale to help its clients identify and switch to better deals later.

How frigging cool is that!

Trussle Fintech Startup UK logo

Cleo

fintech startups london cleo logo new white
fintech startups london cleo founder john welsh
Cleo Founder – John Welsh

Chatbots are massive and have never been easier to build thanks to the advances of both middleware and artificial intelligence software.

Enter Cleo, which is an AI chatbot that connects users Facebook accounts and helps them manage their finances better to track their expenditure and savings. And this process helps them save money and plan for the future better

Cleo - Fintech Startups London
Cleo – Fintech UK new kid on the block

Which we all need…

fintech startups london cleo logo new

Curve

Curve - Fintech Startups London
Curve Founder – Shachar Bialick

Using the Curve app which works with Google, Apple and Samsung Pay, you can now access all your cards via a single card and PIN combo, doing away the need to have a wallet full of cards.

You can even “go back in time” up to 14 days and switch payment options after the payment has been made and transfer money. How cool is that?

With such a great product Curve could really be on the up curve in 2020 (Ed: groan…)

Curve is to Banking what Netflix is to TV and Spotify to Music. We connect All Your Cards in One* Smart Card. And One Even Smarter App. We bring you financial freedom and endless opportunities. All in One place. Simply One-derful.

Curve
Curve Fintech Startup London UK

Revolut

Revolut is providing a digital alternative to traditional banking by using prepaid cards and peer-to-peer payments and supports several cryptocurrencies on its platform.

Revolut has had some brand and culture challenges reportedly but the company is now recording an average of 3.7 million monthly active users, and an average of 1.2+ million daily active users so things could very much work out for Revolut with years of growth ahead them highly likely.

Revolut bitcoin cryptocurrency jobs london

Transferwise

London Fintech Startups Founders London UK Transferwise founders
Portraits

Founded by Kristo Kaarmann, a former manager at Deloitte, and Taavet Hinrikus, an angel investor and former Strategy Director at Skype, Transferwise is no longer a Fintech London company spring chicken and possibly the most well known Fintech startup of recent years.

Transferwise broke into the marketing by allowing users to send money abroad with exchange rates eight times cheaper than most mainstream banks and also allowing users to send money easily, cheaply, safely, and quickly.

Recently Visa announced that TransferWise will begin offering its customers an additional capability to quickly and securely move money to debit cards in real-time, so watch this space as TransferWise continues to improve it’s offering and move increasingly into the mainstream

Hot Fintech Startups London - Transferwise Top Fintech Companies London UK
Transferwise


Emerging London Fintechs 2020

Emerging fintech startups london

Portify

London Fintech Startups Founders London UK Portify founders

Portify  is one of the first UK fintech companies UK to address the financial volatility many flexible workers face, offering essential financial products to help users build credit, budget and save, via a single secure mobile app.

Best fintech startups london best london fintech london Portifu banner

Portify has raised £8.3M in venture investment in a funding round led by Redalpine, Kindred Capital and Entrepreneur First, with participation by leading investors in the fintech and technology sectors and now has over 20,000 members, partnering with leading gig economy platforms to help modern workers to take control of their finances.

Best fintech startups london best london fintech london portify logo
Portify – fintech companies uk

Sumup

London Fintech Startups Founders London UK Marc Alexander Christ SumUp Founder

SumUp is mobile payments company that provides card readers to smaller businesses for them to use without a contract.

They take a 1.69% cut of payments made using the terminal but provide an easy and cost-effective way for businesses to make transactions.

READ
Proptech Startups London # BEST PROPERTY START UPS 2020

The company recently bought Shoplo, a Poland-based multichannel eCommerce platform that allows small businesses to start selling online.

As part of SumUp’s expansion strategy, they also acquired Danish company Debitoor, an invoicing-software platform originally established for freelancers and SMEs.

In 2019 SumUp, announced that it has raised a from Bain Capital Credit, Goldman Sachs Private Capital, HPS Investment Partners, and TPG Sixth Street Partners.

SumUp plans to use this capital to accelerate its growth and acquire new merchants in its current and new markets across the globe.

The funds will be used to continue expanding SumUp’s product suite, both organically and through more acquisitions such as the acquisition of Debitoor, for accounting and Shoplo for ecommerce.

Fintech Startups London - SumUp
Sumup – nutmeg – Best Fintech Startups London

Checkout.com

London Fintech Startups Founders London UK Checkout founders

This little-known fintech was founded in 2009 under a different name before evolving into Checkout.com in 2012 and have since grown to a team of more than 300 employees in eight offices, expanding into the UAE in 2013, and the US in 2017.

Checkout.com enables companies to process and accept cross-border payments from credit and debit cards, online banking, Apple Pay and others such as Klarna – all with a single integration.

As a result Checkout is considered a direct rival to the huge Dutch payment titan Adyen, which is listed on the Amsterdam stock exchange.

Checkout.com provides online payment solutions for a number of growing businesses and has reported $46.8m in total revenues in 2017 according to their Companies House filings, a 56% up on the previous year.

The company’s clients include Samsung, TransferWise, Adidas and Virgin and was ranked 2nd place in Deloitte’s UK Technology Fast 50.

Hot Fintech Startups London Top Fintech Companies London - Checkout

Thought Machine

London Fintech Startups Founders London UK Thought Machine founders
fintech companies uk

Thought Machine believe many banks have an ambition to deliver better technology to their customers, but are held back by legacy platforms and technology. Cost of change is huge, and the cost of operations is too expensive because of an inability to automate processes.

They spend an incredible amount just to stand still and Thought Machine intend to deliver a new era in banking using truly cloud native technology.

fintech startups london fintech startups uk fintech companies london fintech companies uk thought machine

Hastee

London Fintech Startups Founders London UK James Herbert Hastee Founders
fintech companies uk

Hastee  is an award-winning employee benefit that enables workers to take a portion of their earned pay, on demand. Increasing choice and financial wellbeing.

In 2020 everything is on demand; TV shows, shopping, ice cream – everything, that is, except for when we get paid. Hastee is here to change that.

Hastee allows workers to access a portion of their earned pay as soon as they’ve earnt it – with, importantly,  no financial impact on your business and seamless payroll and time & attendance integration.

fintech startups london fintech startups uk fintech companies london fintech companies uk hastee

Mojo Mortgages

London Fintech Startups Founders London UK Mojo mortgages founders
fintech companies uk

Mojo’s API’s to help lenders offer their customer’s personalised whole-of-market comparison and access to free real-time mortgage advice all from within their app or website

Fintech Startups London - Mojo logo

Primary Bid

London Fintech Startups Founders London UK Anand Primary Bid Founders

Primary Bid is a technology platform that allows everyday investors fair access to public companies raising capital. PrimaryBid always ensures that retail investors transact at the same time and at the same price as institutional investors.

Through our long-term agreement with London Stock Exchange, we have created the infrastructure to seamlessly connect everyday investors with public companies when it matters most.

Fintech Startups London - PrimaryBid logo
Primary Bid – best fintech companies london 2020

Soldo

London Fintech Startups Founders London UK carlo gualandri soldo founders

Soldo let’s you as a company take control of company spending with Soldo, the prepaid Mastercard® that does your expenses for you.

It provides companies from 1 to 1,000+ employees with a unified solution to manage spending and expenses and their multi-user setup features bespoke budgets and rules for each card, empowering staff to spend across multiple channels with automation, visibility and insight.

Soldo also integrates directly with Xero and Quickbooks to make expense report and reconciliation a thing of the past

fintech uk fintech companies uk soldo mark fullcolor

Paid

London Fintech Startups Founders London UK Paid founders team

Paid allows you to find new value in your suppliers by using their specially-designed automation to smooth internal collaboration and process, reducing time and costs spent managing suppliers by up to 10x.

fintech startups london fintech startups uk fintech companies london fintech companies uk paid

Tumelo

London Fintech Startups Founders London UK Tumelo founders

Tumelo was established at Cambridge University, where our founders campaigned for the sustainable investment of their university’s £6 billion fund and their vision is a world where millions of investors have transparency over the companies they own and a shareholder voice to transform the investment system to serve both people and planet.

Tumelo’s mission as an impact-focused financial technology firm is to enable retail investors and pension members to create and benefit from a more sustainable investment system.

Tumelo do this by partnering with investment and pension providers, enabling them to provide their customers with transparency over the companies they own and a shareholder voice on issues they care about, such as gender equality or climate change.

By providing white-label software delivered via APIs and a user dashboard, Tumelo help investment and pension platforms transform slow engagement metrics into positive retention, acquisition and brand opportunities.

They recognised a global problem: Millions of ordinary people contribute to our investment system through ISAs, workplace pensions, and other investments yet have no visibility over where their money is going and no voice at the companies they own through those investments. The result? A society that is disengaged and an investment system that is broken.

READ
Hot Fintech Startups London - Nutmeg

So, Tumelo was created to change this. Tumelo engage investors on issues they care about at companies they own. In doing so, we help investment firms engage with their clients so they can better serve people and protect our planet.

fintech startups london fintech startups uk fintech companies london fintech companies uk tumelo
tumelo – best fintech companies london 2020


wealth startups london wealth startups uk wealthtech startups london wealthtech startups uk wealth technology startups

WealthTech Startups


With the UK capital being a leading world hub for finance and the defacto home base for some of the largest wealth management and hedge funds combined with the booming fintech sector it’s no surprise that the city is punching above it’s weight in wealth technology as well as the larger fintech category so let’s look and some of the movers and shakers in this category

MoneyFarm

London Fintech Startups Founders London UK MoneyFarm founders
London wealthtech startups london wealth startups london moneyfarm
Moneyfarm – best wealthtech startups london

MoneyFarm was created to help people make better decisions with their money. So many people pay too much to have their money managed, trade too often, or even too little, and this is costing them over time.

With the right asset allocation, a long term perspective and tight management of both cost and risk, people can achieve more with their money.

With their digital investment advice and fully managed portfolios they’ve helped thousands of people to make better investment decisions.

London wealthtech startups london wealth startups london moneyfarm


Emerging Wealth Startups London

wealth startups london wealth startups uk wealthtech startups london wealthtech startups uk wealth technology startups

Rerbium

London Fintech Startups Founders London UK Rerbium founders kate

Rerbium is the first business to introduce WM-as-a-Service so that Banks, Neo-Banks and Financial institutions can offer investment products and wealth management tools to their customers.

London wealthtech startups london wealth startups london Rerbium
Rerbium – best wealth startups london

Rerbium have connected to multiple investment fintechs and merged everything into a single API and have gone one step further and are a building powerful wealth management tools that, up to now, have only been available to wealthy individuals.

London wealthtech startups london wealth startups london Rerbium banner

CapDesk

Top Fintech Companies London 1 BEST FINTECH STARTUPS LONDON Fintech London capdesk

Capdesk helps you streamline your equity plans and report to financial authorities with absolute confidence. The most flexible private equity solution made in Europe.

Capdesk now connects with Europe’s largest private secondary market helping you convert equity into cash. Go have a look today and Unleash the Motivational Power of Equity!

Fly Now Pay Later

Top Fintech Companies London 1 BEST FINTECH STARTUPS LONDON Fintech London Fly now pay later

Fly Now Pay Later allows you to fly anywhere and spread the cost of your trip in flexible monthly instalments from 0% APR*. Empower your customers to spread the cost of their holidays in flexible monthly instalments with the Fly Now Pay Later app.

Upside

London Fintech Startups Founders London UK Upsidesaving founders team

Upside harvest the “upside” from your spending – so you can simply watch the savings addup and promise to help you make Effortless Savings That Grow As You Spend

London wealthtech startups london wealth startups london upside banner

Credit Kudos

best fintech companies london fintech startups fintech credit kudos banner

After working in the US for a number of years, Freddy returned to the UK. Having had no recent financial activity in the UK, he had a ‘thin’ credit file. This not only meant that he had limited credit options, but those that were available to him came with higher interest rates and restrictions.

After further research it became apparent that he was not alone and that many people in the UK face difficulties when trying to get access to affordable credit.

With a vision to remove that challenge from the market, Freddy and Matt founded Credit Kudos. Since then, the team at Credit Kudos have been on a mission to provide fair credit for all, harnessing the power of Open Banking.

best fintech companies london fintech startups fintech credit kudos logo

Open Fin

best fintech companies london fintech startups fintech openfin banner

Open Fin are building built the operating system of finance to modernize desktops and accelerate innovation.

Their mission is to provide a unifying foundation for the next generation of financial industry applications. Launched in 2010, OpenFin OS is now used to deploy thousands of industry apps to over 1500 sell-side and buy-side firms.

best fintech companies london fintech startups fintech openfin logo

Primer

best fintech companies london fintech startups fintech primer banner

Primer is in beta stealth mode currently and aims to consolidate your payments stack with a unified API, and supercharges your checkout with data driven insights.

best fintech companies london fintech startups fintech primer logo

london Fintech startups london

Fintech Startups London

Fintech Startups London

Fintech Recruitment Agencies London

  • EC1 Partners

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    Headhunting for the global FinTech market

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  • Nicoll Curtin

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    The global award winning Fintech Recruitment agency

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  • Robert Half

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    One of the largest fintech recruitment agencies London has

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  • Fintech Recruiters

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    A leading Fintech recruiter

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  • Excelsior

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    The trusted global executive search & fintech recruitment agency partner

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  • Fintech Recruitment Ltd

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    1st class Executive Search and Mid-Senior level Recruitment Services to the FinTech sector

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  • Ashmore Stark

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    We identify and secure rock star talent for FinTech & Technology upstarts challenging tradition

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  • R2 Search

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    We are one of the top Fintech Recruitment agency and we hire Fintech specialist in London

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  • Finiti

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    Finiti Search is a Sales recruitment firm specialising in the Fintech market since 2007

    Visit Page

Fintech Executive Search Firms London

  • Boyden is a full service executive search firm

  • Egon Zehnder offer global management consulting and executive recruitment

    Egon Zehnder

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  • Korn Ferry is a global organizational consulting firm, synchronizing strategy and talent to drive superior performance for our clients.

    Korn Ferry

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  • We have created an innovative model which allows our headhunters to recruit your talents better

    Morgan Philips

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  • Captura have 12 years dedicated to successfully partnering with Financial Technology firms

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Summary
Best Fintech Startups London #1 TOP FINTECH COMPANIES in UK & Europe 2020
Dan
Best Fintech Startups London #1 TOP FINTECH COMPANIES in UK & Europe 2020
Description
The UK capital is one of the largest financial hubs in the world and one sector that continues to grow powered by innovation, it’s fintech. In this list we cover the fintechs you should be watching in 2020. Top fintech companies UK fintech companies London. Best Fintech Startups London #1 TOP FINTECH COMPANIES in UK & Europe 2020
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Best Tech PR Agencies London – PHA Group

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Hot Fintech Companies London – Credit Kudos