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 £69.4bn currently, has received £66.7bn of investment and the sector is growing at 20.6% 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
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RTIC0052 FinTech 5558 companies
Companies involved in the creation, facilitation and commercialisation of software, service, and intelligent technologies to support financial institutions and personal finance products.
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FinTech: Alternative Credit Analysis785 companies
Companies providing analytics products/services for the financial sector
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FinTech: Consensus Services170 companies
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
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FinTech: Crypto Asset Exchange439 companies
Companies developing/providing secure and user-friendly platforms for buying, selling, and exchanging cryptocurrencies
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FinTech: Digital Banks87 companies
Companies developing technologies and services that allow for the digitalisation of banking products or services
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FinTech: Digital Capital Raising882 companies
Companies developing/providing novel platforms and strategies that enable efficient and accessible capital acquisition for businesses and projects
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FinTech: Digital Custody410 companies
Companies dedicated to the development of digital products that provide robust and reliable solutions for safeguarding and managing digital assets.
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FinTech: Digital Identity327 companies
Companies supplying digital technologies aimed towards verifying identities in digital financial transactions.
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FinTech: Digital Lending871 companies
Companies producing digital platforms and technologies for lending services
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FinTech: Digital Payments1099 companies
Companies offering digital payments technologies
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FinTech: Digital Savings96 companies
Companies providing specialised cyber security services to financial institutions
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FinTech: Insurtech252 companies
Companies developing specialised digital products for the insurance sector
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FinTech: Regtech543 companies
Companies developing technologies that facilitate regulations and assets management
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FinTech: Tech for Enterprise1637 companies
Companies creating software products to financial institutions
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FinTech: Wealthtech685 companies
Companies creating software products to financial institutions
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FinTech industry growth
Based on a growth rate of 20.6%, we expect that this sector could be worth £80.7bn by 2024. Below you can see our forecast of the growth of the sector.
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