Despite Brexit, the UK’s fintech firms remain bullish on their prospects, with half expecting revenues to double over the next 12 months and a third even anticipating an IPO within five years, according to a survey for Her Majesty’s Treasury.

The poll of 245 fintech firms, conducted by Innovate Finance and EY for the Treasury, also shows that startups are still confident on getting funding, with half of all respondents expecting their next round to raise more than £2 million, and 35% anticipating more than £5 million.