UK is capital of Europe for fintech unicorns

  • Britain houses four fintech “unicorns” – companies valued at $1bn (£780m) or more – with a combined valuation of $18.5bn, according to a report by the technology investment bank GP Bullhound.
  • London has emerged as Europe’s fintech capital in recent years, with a swell of high-profile start-ups attempting to shake up the financial sector.
  • However, the report showed that both Europe and the US are lagging behind China as a hub for fintech.
  • Funding to Asian fintech companies surged to $7.1bn last year, more than in the US and Europe between them.
  • Investors put $4.6bn into American fintech firms against $1.4bn in Europe.

The UK dominates the European financial technology industry, with figures showing it boasts more billion-dollar fintech companies than the rest of the continent put together.
Continue reading “UK is capital of Europe for fintech unicorns”

UK is capital of Europe for fintech unicorns

  • Britain houses four fintech “unicorns” – companies valued at $1bn (£780m) or more – with a combined valuation of $18.5bn, according to a report by the technology investment bank GP Bullhound.
  • London has emerged as Europe’s fintech capital in recent years, with a swell of high-profile start-ups attempting to shake up the financial sector.
  • However, the report showed that both Europe and the US are lagging behind China as a hub for fintech.
  • Funding to Asian fintech companies surged to $7.1bn last year, more than in the US and Europe between them.
  • Investors put $4.6bn into American fintech firms against $1.4bn in Europe.

The UK dominates the European financial technology industry, with figures showing it boasts more billion-dollar fintech companies than the rest of the continent put together.
Continue reading “UK is capital of Europe for fintech unicorns”

Banks will adapt to fintech: Ellis

  • Banks will adapt to fintech: Ellis – Yahoo7
  • The financial sector will likely adapt to and use new financial technology like Bitcoin, the Reserve Bank says.
  • The RBA says the financial sector will likely adapt to new financial technology like Bitcoin.
  • RBA head of financial stability department Luci Ellis downplayed the risks posed by emerging financial technologies – known as “fintech” – to the established financial system.
  • “It’s hard to see it in the short to medium term as anything other than, well, you know the financial sector always innovates and there will be some interesting things, and some might pose risks, but not all of them.”

Read the full article, click here.


@BanksDaily: “The financial sector will likely adapt to and use new financial technology like #Bitcoin, the RBA says.”


Banks are more likely to adapt to fintech than be disrupted by it, the RBA says.


Banks will adapt to fintech: Ellis