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Why London for fintech?

London is the world’s largest centre for fintech with investment growing faster here than anywhere in the world.

London’s diverse fintech scene encompasses everything from mobile payments and digital currencies to other sub-sectors of financial services. These include retail and investment banking, money remittances, investor relations and virtual currencies.

 

1. Converging clusters

Position yourself at the heart of a leading global financial centre and booming tech industry to form innovative partnerships across sectors. Develop new ideas with the capital’s 40,000 financial services companies, cutting-edge tech start-ups and some of the world’s biggest banks.

2. World-class talent

Access talent from a pool of 44,000 employees working in London’s fintech sector and 155,600 digital tech professionals. London is now the world’s largest centre for financial technology, with more workers in fintech than either New York City or San Francisco-Silicon Valley. 

3. Investment

More than half of all fintech investment in Europe is channelled into London. In 2014, the capital’s fintech startups have attracted $496 million of investment, three times as much as in 2013. Major new tech funds setting up in London from around the world include Santander ($86m), Index Ventures ($474) and Google Ventures ($109m).

4. Digital connectivity

In London, super-fast broadband and transport networks guarantee you world-class connectivity and access to customers. The UK has one of the highest levels of internet and mobile phone coverage, has the highest e-commerce spend in Europe and is a leader in online access to financial services.

 

Watch a short video on London’s fintech sector.

 

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