FinTech Industry UK
Real-Time Industrial Classifications

UK FinTech Industry

Welcome to the dynamic world of FinTech in the UK, where companies use software, services, and intelligent technologies to transform finance. Explore innovation in banking, investments, and financial services. Discover key insights and trends with our snapshot report.

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What is FinTech?

FinTech is the blend of finance and technology, using advanced tools like AI and blockchain to improve financial services.

In the UK, FinTech covers digital banking, cryptocurrency exchange and more. These innovations make banking and investing easier and more inclusive, shaping the future of finance.

FinTech companies in the UK include those involved in the creation, facilitation and commercialisation of software, service, and intelligent technologies to support financial institutions and personal finance products.

FinTech sector summary

Discover real-time data and insights sourced directly from The Data City platform, driven by our innovative Real-Time Industrial Classifications (RTICs). Our RTICs harness the power of web data and machine learning, and are published with industry experts for precision and relevance.

Here are the key facts about the FinTech sector. The sector has a turnover of £72.8bn currently, has received £61.7bn of investment and the sector is growing at 18.9% per year.

5,775
COMPANIES CONSIDERED
£72.8bn
TOTAL TURNOVER
289,315
TOTAL EMPLOYEES
£61.7bn
TOTAL INVESTMENT FUNDING
£29.1m
TOTAL INNOVATE UK GRANT FUNDING
18.9%
AVERAGE COMPANY GROWTH PER YEAR

FinTech verticals

Our industry data goes deep. See the top verticals and specialisms making waves in the UK FinTech industry today.

Our FinTech RTIC is made up of 14 individual verticals. The top verticals in this sector include Tech for Enterprise, and Digital Payments. You can find out more about the verticals by downloading our RTIC report, or by signing up for a free trial of The Data City platform.

  • Sector Code Description Records
  • RTIC0052 FinTech 5623 companies

    Companies involved in the creation, facilitation and commercialisation of software, service, and intelligent technologies to support financial institutions and personal finance products.

    • FinTech: Alternative Credit Analysis

      Companies providing analytics products/services for the financial sector

      872 companies
    • FinTech: Consensus Services

      Companies involved in utilising advanced technologies such as blockchain and smart contracts to transform the verification of financial agreements, enhancing trust and transparency in transaction processes

      197 companies
    • FinTech: Crypto Asset Exchange

      Companies developing/providing secure and user-friendly platforms for buying, selling, and exchanging cryptocurrencies

      547 companies
    • FinTech: Digital Banks

      Companies developing technologies and services that allow for the digitalisation of banking products or services

      96 companies
    • FinTech: Digital Capital Raising

      Companies developing/providing novel platforms and strategies that enable efficient and accessible capital acquisition for businesses and projects

      955 companies
    • FinTech: Digital Custody

      Companies dedicated to the development of digital products that provide robust and reliable solutions for safeguarding and managing digital assets.

      504 companies
    • FinTech: Digital Identity

      Companies supplying digital technologies aimed towards verifying identities in digital financial transactions.

      355 companies
    • FinTech: Digital Lending

      Companies producing digital platforms and technologies for lending services

      967 companies
    • FinTech: Digital Payments

      Companies offering digital payments technologies

      1234 companies
    • FinTech: Digital Savings

      Companies providing specialised cyber security services to financial institutions

      105 companies
    • FinTech: Insurtech

      Companies developing specialised digital products for the insurance sector

      278 companies
    • FinTech: Regtech

      Companies developing technologies that facilitate regulations and assets management

      591 companies
    • FinTech: Tech for Enterprise

      Companies creating software products to financial institutions

      1822 companies
    • FinTech: Wealthtech

      Companies creating software products to financial institutions

      765 companies

FinTech industry growth

Based on a growth rate of 18.9%, we expect that this sector could be worth £83.8bn by 2024. Below you can see our forecast of the growth of the sector.

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