According to the latest reports , the war on talent in the technology and fintech industry is raging like never before , as the meteoric rise of both industries now sees them fighting to attract new blood .

The UK has become a critical figure in the fintech sector , taking the top spot in Europe for fintech investment with more than US $ 9bn raised in 2021 .

Furthermore , investors have been pouring cash into UK cryptocurrency start-ups such as Bitstamp , Elliptic and Blockchain . com , as they stake cash on the growing adoption of digital currencies like Bitcoin and digital assets such as NFTs .

The rise of cryptocurrency also means that fintechs are directly competing with exchanges for the best talent – with both fintech start-ups and cryptocurrency firms aiming to disrupt the world of traditional finance , albeit with different approaches .

� SQUARE Square now processes card payments at an annualised rate of over $ 100bn , has a thriving small-business lending platform ( Square Capital ), and has started to gain serious traction with larger merchants in addition to its core small-business clientele

� PAYPAL PayPal has over 361 million active accounts . The fallout of the COVID-19 pandemic could even help accelerate PayPal ' s growth further , as more people are choosing to shop online and send money to friends and family electronically

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� GOLDMAN SACHS Goldman Sachs lost points on its trading recently , following the announcement that Apple will be building its own in-house fintech

� CHIME The fintech Chime experienced a 40 % share drop earlier this year and has now announced a delay in its IPO plans

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