The UK has continued to lead the way for funding activity in the European technology sector, both in terms of startups attracting investment and UK-based investors fuelling the continent’s exciting new talent. British startups secured almost a quarter of all early-stage tech investment in Europe in
Western Union is gearing up to face innovation head-on as it launches a digital bank account transfer service in the UK, competing with major fintech startups such as Transferwise for command of the market. UK consumers will now be able to send up to £50,000 from
Challenger bank Monzo has announced a partnership with fintech unicorn Transferwise on international payments. It marks the second big tie-up for Transferwise in recent weeks, after confirming it was working with France's second largest bank BPCE Groupe. Today, the companies said the partnership will mean Monzo customers
Sending money from one country to another was not particularly easy until the turn of the last century, when people had to choose between banks and a handful of high street forex brokers. The arrival of various FinTech companies in this realm has made the
The 500 most successful startups created in the UK over the past six years have grown at an annual rate of 30 per cent a year, according to new research. Those that went on to IPO grew at an even faster rate of 43 per cent,
The United Kingdom’s financial technology sector attracted a record £1.34bn in venture capital investment in 2017, with 90% of that money going to startup and early stage businesses based in London. Arguably the flood of cash to London’s ‘fintech’ sector - as highlighted in a January
Britain’s financial technology industry shrugged off the Brexit vote, attracting more than double the amount of venture capital investment last year than in 2016, according to new data published on Wednesday. Fintech companies, such as TransferWise and OakNorth, raised $1.8bn of venture capital investment last year,
John Detrixhe has argued that the sun is still shining for start-ups in London. Here is sample from his piece from Quartz Magazine: A year-and-a-half since Britain voted to leave the European Union and Jeremy Sosabowski, co-founder of AlgoDynamix, says the technology scene remains solid: There’s plenty
London can boast with renewed vigour of its startup credentials today, as new research has revealed that the capital is home to 71 of the UK's 100 fastest-growing startups. Investment platform SyndicateRoom has today revealed the UK businesses which grew most rapidly in terms of value
