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The world ’ s oldest financial centre . While that may be true , London ’ s incumbents are being shaken by a pioneering and innovative tech spirit driven by the likes of Monzo , Revolut , Starling Bank and OakNorth . According to one study by Beauhurst , of the 1,139 fintechs in the UK ( December 2019 ), 75 % are based in the City of London . Little surprise , then , that the city has a highly active fintech ecosystem that includes more than 20 fintech accelerators – prominent names include Barclays Accelerator , Citi Innovation Labs , Accenture ’ s FinTech Innovation Lab London and the Bank of England Accelerator . Findexable found that last year there were 114 fintech deals in London , valued at $ 2.1bn . www . fintechmagazine . com