​Fintech regains the top UK spot. Total early-stage funding by sector in Europe in March 2024 (€m) via Sifted / Shubham Jaipuria Shubham. It is a great read. Got me thinking about the Unicorn Kingdom: Pathfinder Awards too. Which is the UK's  's first global tech awards to unearth and showcase the most promising scale up companies in the tech industry. Did you know that the UK digital tech ecosystem is now valued at US$ 1 trillion; only the third country to pass this milestone after the US and China, offering a great environment for businesses to grow within the indust ..read more

Leaders of the UK's financial technology industry are urging the British government to increase tax relief and help them raise more investment, as some executives warn a shortage of domestic investors is holding back the sector. Trade body Innovate Finance's "Unicorn Council", which includes the CEOs of Monzo, Revolut's UK arm and ClearBank, set out policy recommendations on Monday that it said would help the UK maintain its position as a fintech hub. Global venture capital investments fell to a near   in the first three months of 2024, according to data from PitchBook, as high inter ..read more

SC Ventures is becoming a shareholder in Algbra and will use the British-based company's technology to build Shoal, a new digital banking venture, Sky News understands. ​An arm of Standard Chartered, the FTSE-100 bank, is taking a stake in a British company set up with the objective of providing ethical financial products to customers. City sources said that SCV, which is based in Singapore, was investing at least $10m (£8.02m) into Algbra, although neither the exact sum nor the resulting valuation could be ascertained. As part of their collaboration, Algbra is understood to have agreed to use ..read more

​Despite concerns over London's fintech status, the UK ranks 3rd globally in startup investment.  Monzo and Flagstone lead the pack, securing significant funding rounds. ​The UK fintech sector has reclaimed its position as the most funded startup sector in the country, raising an impressive $1.4 billion across 73 rounds in the first quarter of 2024. This resurgence succeeds the energy sector briefly surpassing fintech in 2023 to become the UK's top startup investment destination. UK Fintech Sector Rebounds in Q1 2024, Attracting $1.4B in Investments According to the latest report publishe ..read more

More firms may be seeking listings in the next year "Across the spectrum of listed fintech businesses globally, there’s been an impressive bounce over the past 12 months. The KBW Nasdaq Fintech index is up 31 per cent over the past year, compared with a return of 25 per cent for the broader S&P 500. This index is tracked by a UK-listed ETF from Invesco with the ticker FTEK LON, though there are other index trackers in the fintech space including one from Global X — ticker FING — and another from Xtrackers which is based on the MSCI Fintech innovation index — ticker XFSN." "One repercussion ..read more

The revenue of the fintech industry in the UK grew sharply between 2018 and 2023, despite a notable decrease in 2022. In 2023, the estimated revenue of the industry was 3.37 billion U.S. dollars, most of it generated by the digital assets segment. According to  , fintech revenue is forecast to grow gradually in the coming years, reaching 6.7 billion U.S. dollars in 2028 ..read more

Revolut is exploring plans to monetise customer data through sharing it with advertising partners, as the fintech seeks new sources of revenue while its application for a UK banking licence remains in limbo. “We could become a media [business] . . . a place where you have an audience and data about the audience and you monetise this,”  Revolut’s push to generate a bigger slice of earnings from advertising comes as investor hype surrounding the fintech sector has waned and its application for a UK banking licence appears to have stalled. Revolut secured a $33bn valuation in a funding round ..read more

Portofino Technologies UK & BNXA UK VASP join Fintech UK's "Who's Who of UK Registered Cryptoasset Map" Version 9.0  27th February 2024 Fintech UK is looking to partner with registered / regulated (or soon to be) cryptoasset firms on building out a cryptoasset section on our website.  If you are senior executive at a UK registered cryptoasset firm, please   to discuss the proposed project.  Also happy to hear from senior executives at businesses which support crypto firms to support the project. See our  If you are are crypto firm seeking regulatory advice or ..read more

Fintech UK is looking to partner with registered / regulated (or soon to be) cryptoasset firms on building out a cryptoasset section on our website.  If you are senior executive at a UK registered cryptoasset firm, please  2022: X Capital Group Limited, Enigma Securities Ltd, Light Technology Limited, eToro (UK) Ltd, Uphold Europe Limited, Wintermute Trading LTD, Rubicon Digital UK Limited, DRW Global Markets Ltd,  Zodia Markets (UK) Limited, Foris DAX UK Ltd (aka Crypto.com), Revolut Ltd**, Tullett Preborn (Europe) Ltd, MoonPay (UK) Ltd and Hidden Road Partners CIV UK Ltd ..read more

Fintech UK is looking to partner with registered / regulated (or soon to be) cryptoasset firms on building out a cryptoasset section on our website.  If you are senior executive at a UK registered cryptoasset firm, please   to discuss the proposed project.  Also happy to hear from senior executives at businesses which support crypto firms to support the project. See our  If you are are crypto firm seeking regulatory advice or director services, please contact CompliReg for assistance at the details appearing   and check out its VASP registration and other aut ..read more