The United Kingdom represents Europe’s largest fintech market. Businesses operating in the fintech space develop hardware and software solutions infused with emerging technologies like artificial intelligence to serve everyone from investment managers to everyday consumers who need to access online banking. This list includes some of the country’s top companies using technology to help us manage our money.
UK Fintech Companies to Know
- Navan
- Simply Business
- Adyen
- Starling Bank
- SumUp
- Zilch
- FNZ
- Rapyd
Top Fintech Companies in the UK
Affirm is a fintech company offering installment loans, interest-free payments, virtual credit cards and savings accounts. Its goal is to equip consumers and businesses with the tools they need to purchase goods and services. Affirm’s platform also supports digital and mobile commerce.
Starling Bank offers a full suite of personal and commercial banking services through its mobile app. Its features include user spending insights, a bill splitting function and a Saving Spaces feature that lets users set aside money for specific goals. The company offers money transfer capabilities for more than two dozen countries, and its customers can deposit and withdraw funds at Post Office branch locations.
Discover is a global financial services company. Its offerings, including lending products and payment services, work to help merchants run their businesses. The company also strives to explore new markets, power fintech companies and enable consumers to build a sustainable financial future.
Clear Street hires for hybrid roles out of London. The company serves as a financial services firm that offers its proprietary cloud-based trading platform to customers that fulfill transactions involving U.S. options and equities. It enables investors to gain swift access to securities lending, financing and execution options.
FNZ makes wealth management software with solutions for asset management, financial planning, workplace retirement and other functions. Rather than manage these services in the traditional high-touch model, FNZ uses “extreme automation” to minimize repetitive tasks so users can refocus their efforts on creating more value for their clients.
JPMorgan Chase has solidified its position as a leading financial institution, offering personalized investment options and convenient online and mobile banking platforms for its diverse customer base. The company’s tech professionals are updating vital applications through cloud migration, while leveraging artificial intelligence and machine learning models on extensive data sets. JPMorgan Chase is headquartered in the U.S. with a growing tech presence throughout the U.K.
Fintech platform iCapital offers alternative investment solutions. Its offerings span technology services and investment tools designed for hedge funds, wealth managers, private equity firms and asset managers. iCapital’s products support various types of work for users, including research and due diligence, structured investments and more.
Geneva Trading is a trading firm that also offers consultancy services in risk management, market enhancement and technology. It has been in business for over two decades and in that time has established expertise in numerous markets, including energy, fixed income, agriculture, foreign exchange, equity, metals and digital assets. Geneva’s tech supports both algorithmic and non-algorithmic traders.
CSC provides digital brand services, business administration, compliance and capital markets solutions. Its U.K. office focuses on fintech innovation with entity management and cybersecurity services. The company aims to help businesses navigate the financial sector and thrive in a competitive market.
Apex Fintech Solutions offers a “fintech for fintech” platform that enables simple investing, as well as the storage and clearing of investment assets. Its brand offerings include Apex CODA Markets, Apex Silver and Apex Clearing.
Chainlink Labs is a decentralized computing platform that enables verifiable applications. The company provides financial institutions, startups and developers with access to real-world data, off-chain computation and secure cross-chain interoperability across blockchains. The company has enabled $9 trillion in transaction value.
Enfusion provides an investment management platform that allows the buy-side marketplace to manage workflows, monitor risk and make investments decisions for their clients. Headquartered in the United States, the company has offices in both London and Dublin in addition to its locations in Australia and India.
Zilch offers its users a deferred-payment service, which it subsidizes with ad revenue generated by customer purchases. Customers can choose from options like paying over six weeks with zero fees or interest, or paying the full amount of their purchase immediately and receiving 2 percent of their expenditure back in “Zilch Rewards.” Users can then redeem these rewards on future purchases.
MarketAxess is a fintech company with an electronic trading platform for institutional credit markets like corporate bonds. It is used by institutional investors and dealers, who rely on the platform for access to emerging markets, European credit, green bonds, municipal bonds and high yield and investment grade U.S. markets. Just 35 percent of corporate bonds are traded electronically, making MarketAxess a significant access point into these markets. Headquartered in NYC, the company is growing its technology team in the U.K.
Adyen’s end-to-end payment platform functions as a one-stop shop for financial management, data insights and payments. Used by enterprise B2B clients like Uber and H&M to manage massive data sets, the company’s software has the distinguishing feature of running a single global payments center with a plug-and-play package. Adyen has maintained a presence in the U.K. since 2012, with a London office in the retail district.
Navan’s software platform gives companies the capabilities to efficiently book and manage business-related travel and expenses. Its automations help finance teams save time on reconciliation processes, while still ensuring compliance, comprehensive visibility and accuracy. Navan also supports fast global reimbursements so that employees who spend out of pocket get their money back in days while traveling internationally.
SumUp provides debit and credit card payment processing services, both digitally and at point-of-sale. Its POS systems accept all types of card payment — chip, swipe and contactless read. Depending on the size of the client business, SumUp offers either small and affordable POS systems or models with options for custom features and add-ons.
Reorg’s fintech software gathers credit intelligence, data and analytics for financial services clients who need to know the intricacies of the markets and commodities they work with. Using advanced data gathering and analysis that is powered by AI, the company provides this intel through a dashboard where clients can view real-time editorial reports, transcripts and other intelligence assets.
Zone & Company is a NetSuite partner that develops software for high-growth companies, which need customized and scaled support in billing and other back-office finance processes. In addition to billing software, Zone & Company has products for reporting, reconciling, approvals, payments, payroll and other critical finance office functions, all of which rely on automation to flexibly scale up without losing effectiveness.
Simply Business is a fully digital insurance brokerage focused on serving small-business owners. With a dedication to using technology and data, Simply Business aims to simplify insurance procurement while offering a range of coverage options including general liability and professional indemnity insurance. The company is headquartered in London and also has a U.S. presence.
Rapyd is a global payment network that facilitates the collection, holding and transfer of funds to and from almost anywhere in the world. Rapyd clients can receive funds from over 100 countries and can send them to nearly 200, with the assurance of in-house global payments and compliance experts making sure everything is above board.
Through Remitly’s website or mobile app, people can send money to recipients in more than 170 countries, including Australia, China, Malaysia, Austria, Bulgaria, Ecuador, Honduras and Ghana. Remitly promises to refund fees for customers whose money transfers aren’t delivered on time. The international company has a London office.
Offering an all-in-one SaaS platform and hardware for restaurants of all sizes, Toast’s London office is in the heart of the city, just a stone’s throw away from many of its customers. The company streamlines fintech needs for restaurants, providing everything they need to run a successful business from point-of-sale to digital ordering.
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