United Kingdom Fintech Ecosystem

Overview

Export information for Canadian fintechs looking to launch and scale their business in the United Kingdom

  • Regarded as the world's leading fintech hub
  • Over 1,600 fintech companies
  • £9B in fintech funding (2019)
  • Highest fintech adoption rate in the world at 42%

Details

The United Kingdom is regarded as the leading global fintech hub, estimated at £9B in 2019 employing over 79,000 people. The foundation of its success lies in the UK’s leading international financial services sector, combined with a strong consumer appetite for innovative products and services and a regulatory environment that leads the world in the support it provides for innovation.

With over 1600 fintech firms (as of 2018) and the Western world’s highest fintech adoption rate of 42% (compared to the global average of 33%), the UK provides all the building blocks for a fintech startup to thrive.

The four leading areas in UK fintech are payments, platforms, software, and data analytics. In addition, the UK has been internationally recognised as having set a “gold standard” in the establishment of open banking.

Doing Business in the United Kingdom

Visit the Trade Commissioner Service's guide for Canadian businesses exporting to the United Kingdom

Fintech Laws and Regulations

This country-specific Q&A provides an overview to fintech laws and regulations that may occur in the United Kingdom

UK Fintech: State of the Nation

Visit the UK government's overview of the UK’s fintech industry, highlighting the UK’s appeal as a destination for fintechs

Which Global Market is Right For Your Business?

Fintech is transforming the way financial businesses operate, collaborate, and transact with customers, regulators, and others in the industry all over the world.

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