London has fast become one of the largest hubs for fintech investment . In 2022 , the UK city overtook San Francisco and New York as the world ’ s biggest centre for fintech investment , attracting £ 7.8bn ( US $ 9.69bn ) in fintech investment for 2022 – more significant than the US $ 7.8bn raised for New York fintechs and US $ 7.4bn raised for those in San Francisco . Throughout last year ( 2022 ), 27 London-founded unicorns produced the most new ventures ( 168 ); most of these

unicorns were fintechs . According to the London Stock Exchange Group ( LSEG ), a total of 2,500 fintechs are active across the UK – the majority in London – making the city one of the biggest in terms of fintech organisations operating in the region . London is also home to over 20 fintech accelerators and incubators , including Barclays Accelerator , Citi Innovation Labs , Accenture ’ s FinTech Innovation Lab and the Bank of England Accelerator .

fintechmagazine . com 39