FinTech Magazine October 2024 | Page 42

LONDON
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BELOW : FinTech Live London 2023 Day 1 Highlights FinTech Magazine

LONDON

VC : US $ 10.2BN FINTECH INVESTMENT IN 2022
BNPL USERS : 58.7 % OF LONDONERS USE BNPL SERVICES
KEY COMPANIES : REVOLUT , MONZO , STARLING BANK
London has cemented its position as a global fintech powerhouse , Attracting £ 7.8 bn ( US $ 10.2bn ) in fintech investment in 2022 , which surpasses both New York and San Francisco , London has become a leading fintech hub . The city is home to over 2,500 fintech companies , with 27 Londonfounded unicorns generating 168 new ventures in 2022 alone . London ’ s fintech ecosystem is supported by more than 20 accelerators and incubators , including Barclays Accelerator and Accenture ’ s FinTech Innovation Lab . 42 October 2024