In 2018 there was a 61% increase in fintech job creation within London from the previous year:
Business Insider Intelligence
The UK houses 25% of all fintech unicorns and their growth plans call for more talent. There are 29 fintech unicorns worldwide, seven of which are based in the UK, making the UK second only to San Francisco, which is home to nine. According to the report, UK's fintech unicorns enjoy revenue growth and are increasingly focusing on expanding internationally, with examples including TransferWise, Revolut, and OakNorth.
VC funding continues to flow into London. Thirty-nine percent of Europe's VC investment is flowing into the UK's capital. And part of this funding is used to add staff, helping fintechs further grow their operations.Healthy growth in hiring can help the UK's fintech scene broaden its reach across products and geographies, and pose a greater threat to banks — but Brexit-related uncertainty could hamper this upward trend.
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