The fintech sector in the North is a different shape to its London counterpart with a real shortage of startup businesses. But that doesn’t mean it does not have potential to grow.
While there are many companies in the broader Northern England fintech sector, doing IT for financial services, there is a shortage of the kind of startups that most people associate with the fintech sector. This is according to one of the founders of Fintech North, an organisation that creates events to bring together fintechs in the North of England.
Julian Wells at management consultancy Whitecap Consulting Group, who is also a founder of Fintech North, said the idea was born three years ago when he and some colleagues were asked to set up a fintech event focused on Northern England.