Fintech companies mix traditional banking and financial services with tech expertise to bring their customers solutions like e-wallets and online loan marketplaces. The U.K.’s fintech workforce has seen rapid growth over the years, with an array of startups and large enterprises finding a home in the country’s capital city. Here are some top fintech companies in London serving consumers and businesses throughout Europe and around the world.
Top Fintech Companies in London
- Funding Circle
Fintech Companies in London to Know
Adyen combines payments, data and financial management capabilities into a single platform that serves a variety of business types, from retailers and quick service restaurants to subscription-based streaming services. In 2012, the company expanded its global footprint into the U.K. with the opening of its London office.
Funding Circle is a peer-to-peer lending platform that connects investors and small businesses. It operates in the U.K., the U.S., Germany and the Netherlands, putting money into small business owners’ hands quickly and with little friction. It essentially serves as a loan marketplace where customers can get term loans or cash-in-hand, often in just a few days.
Monzo is an online bank that serves millions of customers in the United Kingdom and in the United States. It provides traditional banking services and products, like business, personal checking and savings accounts as well as lending products and international money transfers. It also has features for maintaining a budget and splitting bills.
Revolut is a fintech company serving businesses and individual users around the globe. It offers an app with services like card management, international currency exchange, crypto exchange, peer-to-peer payments and stock trading. Founded in 2015, the company provides commission-free trading on the New York Stock Exchange and on Nasdaq.
GoCardless is a payment processing platform that handles automated, recurring and one-time payments online. It uses direct debit, also known as ACH debit or bank debit, to take instant payments and includes automated admin that can reconcile GoCardless payments with accounting systems like QuickBooks. Clients can use the platform to take payments through an online dashboard, integrated API or its software partners.
Cleo, which was named a Forbes “Next Billion-Dollar Startup,” brings artificial intelligence to personal finance, using generative AI to provide financial advice to customers. The tech helps customers decide how much money to save each month, automatically designates funds to savings and “fines” users — with fines going to their savings accounts — for overspending on expenses deemed less than necessary.