Top Fintech Companies in the United Kingdom
Last updated: January 13, 2025
Total Companies
25
Total Investment
£4.5B+
Avg. Founded
2014
Unicorns
8
Overview
The UK is a global hub for financial technology, with London often dubbed the "Fintech capital of the world." The Fintech industry in the UK has experienced remarkable growth over the past decade, driven by factors such as a supportive regulatory environment, a strong talent pool, and access to capital. Fintech companies in the UK are transforming the financial landscape, offering innovative solutions in areas such as payments, lending, investment management, and insurance. This article presents a list of the top 25 Fintech companies in the UK, providing insights into their products, services, and recent achievements.
Summary of the UK Fintech Industry
The UK Fintech industry is characterized by a dynamic and competitive landscape, with new companies emerging and established players expanding their offerings. Key trends in the UK Fintech industry include:
- Increased adoption of Open Banking: Open Banking regulations have enabled greater access to financial data, leading to the development of innovative products and services that improve customer experience and financial management.
- Growth of mobile payments: Mobile payment solutions have become increasingly popular in the UK, driven by the widespread use of smartphones and the convenience they offer.
- Focus on financial inclusion: Fintech companies are playing a crucial role in promoting financial inclusion by offering services to underserved populations, such as those with poor credit histories or limited access to traditional banking services.
- Rise of artificial intelligence (AI) in financial services: AI is being applied in various areas of financial services, such as fraud detection, risk management, and customer service, to improve efficiency and decision-making.
- Growing use of blockchain technology: Blockchain technology is being increasingly adopted in financial services to enhance security, transparency, and efficiency in areas such as payments and asset management.
Despite the impressive growth of the UK Fintech industry, challenges remain, including:
- Competition from established financial institutions: Traditional banks and financial institutions are increasingly investing in Fintech solutions, posing a competitive threat to smaller players.
- Regulatory uncertainty: The evolving regulatory landscape can create uncertainty for Fintech companies, requiring them to adapt to new rules and compliance requirements.
- Cybersecurity risks: Fintech companies are vulnerable to cyberattacks, requiring them to invest in robust security measures to protect customer data and maintain trust.
The UK is also a leading force in Insurtech, with companies like Zego pioneering innovative insurance solutions for the gig economy and fleets. Furthermore, UK Fintech companies are playing a significant role in driving financial inclusion, offering services to underserved populations and promoting financial wellbeing.
Companies
| Company ↑ | Founded | Location | Description | Funding | Recent Activity |
|---|---|---|---|---|---|
10x Banking | 2016 | London | Offers a cloud-native core banking platform for financial institutions. | $302.66M Series D | $45 million Series D funding round led by BlackRock and JP Morgan Chase |
9fin | 2016 | London | Provides data and analytics for debt capital markets. | $25M Series A | $8 million Series A funding led by Redalpine |
ANNA Money | 2018 | London | Offers business accounts and invoicing tools tailored for small businesses and freelancers. | $30M Series A | $10 million Series A funding led by Kinetik |
Allica Bank | 2019 | London | Provides banking services tailored for small and medium-sized businesses. | $300M Series D | $100 million Series D funding led by Atalaya Capital Management |
Capital on Tap | 2012 | London | Offers business credit cards and spend management platforms for SMEs. | $1,500M Series D | £350 million in second securitisation to boost SME financing |
Chip | 2016 | London | Provides automated savings and investment solutions through AI-powered technology. | $80M Series B | $15 million Series B funding from crowdfunding and notable angel investors |
ClearScore | 2015 | London | Offers free credit scores, reports, and affordability scores. | $204.37M Series D | Acquired Aro Finance to expand into embedded finance and secured loan broking |
CloudPay | 1996 | Andover | Provides managed global payroll and treasury services. | $340.45M Series G | $120 million Series G funding led by Blue Owl Capital |
Creditspring | 2016 | London | Provides a subscription-based credit service for borrowers seeking small loans. | $40M Series A | $10 million Series A funding led by Ascension Ventures |
Curve | 2015 | London | Provides a digital wallet and physical debit card that aggregates multiple payment cards. | $1,266M Series C | $163 million Series C funding round |
Flagstone | 2013 | London | Provides a cash deposit platform for managing and optimizing cash across multiple accounts. | $60M Series B | $25 million Series B funding led by OMERS Ventures |
Fnality International | 2019 | London | Offers a digital cash system using blockchain technology for settling financial transactions. | $158.5M Series B | £77.7 million Series B funding led by Goldman Sachs and BNP Paribas |
Form3 | 2016 | London | Offers a cloud-native account-to-account payment platform for financial institutions. | $293.85M Series C | $60 million Series C extension with new investor British Patient Capital |
Funding Circle | 2010 | London | A peer-to-peer lending platform that allows investors to lend money directly to small businesses. | $375M IPO | Initial Public Offering (IPO) raising £300 million |
Genesis | 2016 | London | Offers a low-code application development platform for financial markets. | $293.85M Series C | $20 million in new investments from Bank of America, BNY Mellon and Citi |
Kriya | 2010 | London | Provides business lending and financial technology solutions. | $106M Series C | £50 million debt facility from Viola Credit |
Landbay | 2014 | London | Offers buy-to-let mortgage lending services through a digital platform. | $300M Series C | $50 million Series C funding led by Atomico |
Lendable | 2014 | London | Provides a lending platform that uses AI and automation to improve underwriting and offer better rates. | $527.41M Series C | £210 million Series C funding round led by Ontario Teachers' Pension Plan Board |
Marshmallow | 2017 | London | Provides affordable and inclusive car insurance services using advanced data analytics. | $120M Series B | $30 million Series B funding led by Passion Capital |
Monese | 2015 | London | Offers mobile-only current accounts and money transfer services. | $200M Acquired | Acquired by Pockit |
MoneyBox | 2015 | London | Provides savings, investment, and pension services through a mobile app. | $90M Series C | $35 million Series C funding led by Eight Roads Ventures |
Moneyfarm | 2011 | London | Provides digital wealth management services with personalized investment portfolios. | $210M Series C | Acquired Willis Owen |
Monzo | 2015 | London | A digital bank offering mobile-based banking services, including spending insights and instant notifications. | $500M Series F | $60 million Series F funding led by Accel and Y Combinator |
Neyber | 2013 | London | Offers financial wellbeing services to employees through employer partnerships. | $198.32M Acquired | Acquired by Salary Finance |
Paddle | 2012 | London | Provides a complete payments infrastructure for SaaS companies. | $293M Series D | $200 million Series D funding round led by KKR |
PaySend | 2017 | London | Provides a global payment ecosystem for consumers and businesses to send and receive money online. | $220.67M Series C | $65 million Series C funding round including strategic investments from Mastercard and TelevisaUnivision |
Prodigy Finance | 2007 | London | Offers loans to international postgraduate students. | $310M Series C | $310 million financing from the US International Development Finance Corporation (DFC) |
Railsr | 2016 | London | Provides an embedded finance platform for businesses to integrate financial services. | $188.34M Series C | $24 million funding from existing investors including D Squared Capital and Moneta Venture Capital |
Revolut | 2015 | London | Provides digital banking services including debit cards, currency exchange, and cryptocurrency trading. | $1,800M Series D | $500 million Series D funding led by TCV |
Sokin | 2019 | London | Offers global payment services and multi-currency wallets for individuals and businesses. | $50M Series B | $20 million Series B funding led by Gresham House Ventures |
Soldo | 2015 | London | Offers spend management platform with prepaid company cards. | $258M Series C | $180 million Series C funding round led by Temasek |
Sonovate | 2011 | Cardiff | Provides finance and tech solutions to recruitment agencies and consultancies. | $515M Series C | £240 million securitisation with BNP Paribas, M&G Investments, and Lloyds Bank |
Starling Bank | 2014 | London | A mobile-only bank offering personal and business banking services, with features such as instant notifications and smart budgeting tools. | $363M Series D | $60 million Series D funding led by JTC |
Tandem | 2013 | London | Offers digital banking services with a focus on green lending and sustainability. | $150M Series E | $50 million Series E funding led by Qatar Investment Authority |
Tide | 2015 | London | Provides business accounts and related banking services to SMEs. | $259.02M Series C | Acquired payroll tool Onfolk |
Tractable | 2014 | London | Develops AI for accident and disaster recovery. | $184.83M Series E | $65 million Series E funding led by SoftBank Vision Fund 2 |
TradingView | 2011 | London | Offers a charting platform and social network for traders and investors. | $339.37M Series C | $298 million Series C funding round led by Tiger Global |
TrueLayer | 2016 | London | Provides an open banking platform for businesses to access financial data and enable instant payments. | $321.8M Series E | $50 million Series E extension led by Northzone |
Updraft | 2017 | London | Provides a mobile app with lending, credit reporting, and financial management services. | $343M Series B | £272 million in a mix of debt and equity funding |
Vitesse | 2013 | London | Provides cross-border payment solutions and treasury services for businesses. | $26M Series B | $15 million Series B funding led by Octopus Ventures |
Wagestream | 2018 | London | Provides financial wellbeing solutions for frontline workers. | $276.21M Series C | £17.5 million Series C funding round led by British Patient Capital |
Wise | 2011 | London | A global payments platform that allows individuals and businesses to send money abroad at lower fees compared to traditional banks. | $1,300M IPO | Initial Public Offering (IPO) raising £8 billion |
Yapily | 2017 | London | Provides open banking solutions to enable seamless financial data sharing and payments. | $100M Series C | $35 million Series C funding led by Sapphire Ventures |
Zego | 2016 | London | Offers commercial motor insurance for the gig economy and fleets. | $282M Series C | $150 million Series C funding round led by DST Global |
Zilch Technology | 2018 | London | Offers Buy Now Pay Later (BNPL) services with zero interest rates. | $400M Series C | $110 million Series C funding led by Goldman Sachs |
Zopa | 2005 | London | Provides banking and peer-to-peer lending services with innovative savings and investment products. | $730M Series H | $75 million Series H funding led by SoftBank Vision Fund |
hyperexponential | 2017 | London | Develops data science and actuarial software for insurers and financial institutions. | $18M Series A | $10 million Series A funding led by Highland Europe |
10x Banking
About
Offers a cloud-native core banking platform for financial institutions.
Recent Activity
$45 million Series D funding round led by BlackRock and JP Morgan Chase
9fin
About
Provides data and analytics for debt capital markets.
Recent Activity
$8 million Series A funding led by Redalpine
ANNA Money
About
Offers business accounts and invoicing tools tailored for small businesses and freelancers.
Recent Activity
$10 million Series A funding led by Kinetik
Allica Bank
About
Provides banking services tailored for small and medium-sized businesses.
Recent Activity
$100 million Series D funding led by Atalaya Capital Management
Capital on Tap
About
Offers business credit cards and spend management platforms for SMEs.
Recent Activity
£350 million in second securitisation to boost SME financing
Chip
About
Provides automated savings and investment solutions through AI-powered technology.
Recent Activity
$15 million Series B funding from crowdfunding and notable angel investors
ClearScore
About
Offers free credit scores, reports, and affordability scores.
Recent Activity
Acquired Aro Finance to expand into embedded finance and secured loan broking
CloudPay
About
Provides managed global payroll and treasury services.
Recent Activity
$120 million Series G funding led by Blue Owl Capital
Creditspring
About
Provides a subscription-based credit service for borrowers seeking small loans.
Recent Activity
$10 million Series A funding led by Ascension Ventures
Curve
About
Provides a digital wallet and physical debit card that aggregates multiple payment cards.
Recent Activity
$163 million Series C funding round
Flagstone
About
Provides a cash deposit platform for managing and optimizing cash across multiple accounts.
Recent Activity
$25 million Series B funding led by OMERS Ventures
Fnality International
About
Offers a digital cash system using blockchain technology for settling financial transactions.
Recent Activity
£77.7 million Series B funding led by Goldman Sachs and BNP Paribas
Form3
About
Offers a cloud-native account-to-account payment platform for financial institutions.
Recent Activity
$60 million Series C extension with new investor British Patient Capital
Funding Circle
About
A peer-to-peer lending platform that allows investors to lend money directly to small businesses.
Recent Activity
Initial Public Offering (IPO) raising £300 million
Genesis
About
Offers a low-code application development platform for financial markets.
Recent Activity
$20 million in new investments from Bank of America, BNY Mellon and Citi
Kriya
About
Provides business lending and financial technology solutions.
Recent Activity
£50 million debt facility from Viola Credit
Landbay
About
Offers buy-to-let mortgage lending services through a digital platform.
Recent Activity
$50 million Series C funding led by Atomico
Lendable
About
Provides a lending platform that uses AI and automation to improve underwriting and offer better rates.
Recent Activity
£210 million Series C funding round led by Ontario Teachers' Pension Plan Board
Marshmallow
About
Provides affordable and inclusive car insurance services using advanced data analytics.
Recent Activity
$30 million Series B funding led by Passion Capital
Monese
About
Offers mobile-only current accounts and money transfer services.
Recent Activity
Acquired by Pockit
MoneyBox
About
Provides savings, investment, and pension services through a mobile app.
Recent Activity
$35 million Series C funding led by Eight Roads Ventures
Moneyfarm
About
Provides digital wealth management services with personalized investment portfolios.
Recent Activity
Acquired Willis Owen
Monzo
About
A digital bank offering mobile-based banking services, including spending insights and instant notifications.
Recent Activity
$60 million Series F funding led by Accel and Y Combinator
Neyber
About
Offers financial wellbeing services to employees through employer partnerships.
Recent Activity
Acquired by Salary Finance
Paddle
About
Provides a complete payments infrastructure for SaaS companies.
Recent Activity
$200 million Series D funding round led by KKR
PaySend
About
Provides a global payment ecosystem for consumers and businesses to send and receive money online.
Recent Activity
$65 million Series C funding round including strategic investments from Mastercard and TelevisaUnivision
Prodigy Finance
About
Offers loans to international postgraduate students.
Recent Activity
$310 million financing from the US International Development Finance Corporation (DFC)
Railsr
About
Provides an embedded finance platform for businesses to integrate financial services.
Recent Activity
$24 million funding from existing investors including D Squared Capital and Moneta Venture Capital
Revolut
About
Provides digital banking services including debit cards, currency exchange, and cryptocurrency trading.
Recent Activity
$500 million Series D funding led by TCV
Sokin
About
Offers global payment services and multi-currency wallets for individuals and businesses.
Recent Activity
$20 million Series B funding led by Gresham House Ventures
Soldo
About
Offers spend management platform with prepaid company cards.
Recent Activity
$180 million Series C funding round led by Temasek
Sonovate
About
Provides finance and tech solutions to recruitment agencies and consultancies.
Recent Activity
£240 million securitisation with BNP Paribas, M&G Investments, and Lloyds Bank
Starling Bank
About
A mobile-only bank offering personal and business banking services, with features such as instant notifications and smart budgeting tools.
Recent Activity
$60 million Series D funding led by JTC
Tandem
About
Offers digital banking services with a focus on green lending and sustainability.
Recent Activity
$50 million Series E funding led by Qatar Investment Authority
Tide
About
Provides business accounts and related banking services to SMEs.
Recent Activity
Acquired payroll tool Onfolk
Tractable
About
Develops AI for accident and disaster recovery.
Recent Activity
$65 million Series E funding led by SoftBank Vision Fund 2
TradingView
About
Offers a charting platform and social network for traders and investors.
Recent Activity
$298 million Series C funding round led by Tiger Global
TrueLayer
About
Provides an open banking platform for businesses to access financial data and enable instant payments.
Recent Activity
$50 million Series E extension led by Northzone
Updraft
About
Provides a mobile app with lending, credit reporting, and financial management services.
Recent Activity
£272 million in a mix of debt and equity funding
Vitesse
About
Provides cross-border payment solutions and treasury services for businesses.
Recent Activity
$15 million Series B funding led by Octopus Ventures
Wagestream
About
Provides financial wellbeing solutions for frontline workers.
Recent Activity
£17.5 million Series C funding round led by British Patient Capital
Wise
About
A global payments platform that allows individuals and businesses to send money abroad at lower fees compared to traditional banks.
Recent Activity
Initial Public Offering (IPO) raising £8 billion
Yapily
About
Provides open banking solutions to enable seamless financial data sharing and payments.
Recent Activity
$35 million Series C funding led by Sapphire Ventures
Zego
About
Offers commercial motor insurance for the gig economy and fleets.
Recent Activity
$150 million Series C funding round led by DST Global
Zilch Technology
About
Offers Buy Now Pay Later (BNPL) services with zero interest rates.
Recent Activity
$110 million Series C funding led by Goldman Sachs
Zopa
About
Provides banking and peer-to-peer lending services with innovative savings and investment products.
Recent Activity
$75 million Series H funding led by SoftBank Vision Fund
hyperexponential
About
Develops data science and actuarial software for insurers and financial institutions.
Recent Activity
$10 million Series A funding led by Highland Europe
Closing Remarks
The UK Fintech industry is a vibrant and innovative sector that is transforming the financial landscape. The top 25 companies listed in this article represent a diverse range of businesses that are offering cutting-edge solutions in areas such as payments, lending, investment management, and insurance. These companies are not only disrupting traditional financial services but also promoting financial inclusion and driving economic growth. As the UK Fintech industry continues to evolve, it is poised to remain a global leader in financial innovation, with potential growth areas including the increasing adoption of blockchain technology and the growing importance of sustainable finance. The UK's strong talent pool, supportive regulatory environment, and access to capital will continue to attract investment and foster innovation in the years to come.