FinTech Magazine - May 2022 | Page 135

London
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London

Country : UK Fintechs include : Revolut , Monzo , Rapyd and Wise
Arguably the strongest competition for Silicon Valley comes from London , a city often regarded as Europe ’ s fintech capital . In fact , London dominates the UK ’ s fintech scene – nine of the country ’ s ten highest funded fintechs are based in the city . As well as an established banking scene based around Canary Wharf , London also has a large number of accelerator programmes ; 35 % of the fintechs based in the capital say they have taken part in one of those accelerators at some point .