London is building on its rich heritage of financial innovation to become the fintech capital of Europe. A combination of a large financial services sector, a deep pool of talent and access to global investors underpin this growth.
An abundance of tech talent, a responsive regulatory environment, and the kudos of being an international hub for financial services, have conspired to make London the fintech startup capital of Europe. There’s also lots of cash. UK fintech firms secured $5.4 billion of the $49.7 billion of global investment in financial tech between 2010 and 2015, compared with the total $4.4 billion raised across the rest of Europe, according to research from Fintech Week London.