Second only to the United States, the United Kingdom is a top fintech hub comprised of over 1,600 firms and it’s continuing to grow — in London, especially. According to the U.K. government, financial technology took off in 2020 with over £3 billion in venture capital investments, creating new solutions for banking, lending and decentralized finance. Below, we rounded up some of the top finance, fintech and financial services companies in London to keep an eye on.
Top Finance Companies in London
- TransUnion
- Square
- Barclays
- Wise
- Revolut
Top Finance Companies in London to Know
TransUnion uses a combination of analytics and financial software to provide various services across the United Kingdom and around the world. The company is most known for its credit services, which help banks and businesses assess individuals’ creditworthiness. It also offers a banking platform, which launched in the U.K. in 2019. TransUnion has an office in London and another in Leeds.
With an office in London, Square develops fintech solutions for all businesses. It’s a popular solution among e-commerce businesses because the platform can process payments and integrate with proprietary point-of-sale hardware. Additionally, Square develops software for restaurants to optimize their online ordering and back-of-house operations. Square is a part of Block, a fintech company founded by Jack Dorsey.
Barclays is one of the world’s largest banks, with its global headquarters in London. The company occupies a 32-story building and hires analysts, software engineers, graphics designers and others to power its services, including personal and corporate banking solutions.
Wise is a fintech company that enables cross-border payments. Through its platform, individuals and businesses can convert money into over 40 different currencies and schedule a transfer in under 20 seconds. Wise launched in 2011, and since then, it has released a number of products, like its Interest platform, which invests funds in government-guaranteed assets.
Revolut is a popular banking platform that recently secured its U.K. regulatory banking license. Revolut operates similarly to a bank in many ways, but has added benefits like higher annual percent yield, or APY, rates and no account fees. Since launching in 2015, the platform has amassed over 45 million users and expanded operations to over 17 countries.
