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Guest Post: FinTech is King in UK Capital


Wordle: Seanog1982

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This post originally appeared on the Gordon & Eden blog.

By: Sam Gordon & Sophie Eden 

The secret’s finally out: Financial technology (FinTech) in the capital is a growing phenomena. The British capital is fast becoming the global capital for the FinTech industry and we believe London is uniquely placed to dominate this market, with significant advantages over other major tech hubs — including Silicon Valley. Recent news of the record-breaking amount of venture capital in 2014, and the projection of an additional £12bn of economic activity and 46,000 new jobs in the next decade, has only strengthened the momentum.

Just eighteen months ago, this was a nascent sector and a term most associated with IT systems for banks. Now, we’re talking about truly disruptive, homegrown companies such as peer-to-peer foreign exchange service Transferwise becoming £1 billion ventures. Canary Wharf Group’s Level 39 is now a three-level…

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