Why London for fintech?
London’s diverse fintech scene encompasses everything from mobile payments and digital currencies to other sub-sectors of financial services. These include retail and investment banking, money remittances, investor relations and virtual currencies.
1. Converging clusters
Position yourself at the heart of a leading global financial centre and booming tech industry to form innovative partnerships across sectors. Develop new ideas with the capital’s 40,000 financial services companies, cutting-edge tech start-ups and some of the world’s biggest banks.
2. World-class talent
Access talent from a pool of 44,000 employees working in London’s fintech sector and 155,600 digital tech professionals. London is now the world’s largest centre for financial technology, with more workers in fintech than either New York City or San Francisco-Silicon Valley.
Critical mass: 40,000 financial services companies are based in London.
Vast talent pool: 44,000 people work in London’s fintech industry; more than New York City or San Francisco
More than half of all fintech investment in Europe is channelled into London. In 2014, the capital’s fintech startups have attracted £343 million of investment, three times as much as in 2013. Major new tech funds setting up in London from around the world include Santander (£60m), Index Ventures (£328), Google Ventures (£76m).
4. Digital connectivity
In London, super-fast broadband and transport networks guarantee you world-class connectivity and access to customers. The UK has one of the highest levels of internet and mobile phone coverage, has the highest e-commerce spend in Europe and is a leader in online access to financial services.
London was the natural place to come, it has been singled out as one of the continent’s most important tech hubs in Wired magazine’s annual list of most promising businesses. London also has excellent national and international travel links which is helping us grow our UK business and expand across Europe."
Micke, Paqvalén, Kiosked CEO and Founder
How we can help
London & Partners offers free advice to potential and existing overseas investors, from start-ups to established companies We can help you: