The UK fintech sector is booming. According to data from Innovate Finance, the UK fintech sector attracted record investment of $4.9 billion in 2019, surpassing the $3.6 billion from 2018. This makes the UK the second biggest fintech market in the world, after the US, when it comes to VC investment.
A combination of the country's established expertise in finance, regulatory support for open banking, and the growing number of consumers giving up on incumbent banks means investors are betting big that digital disruption to the sector will continue.
Here are some of the hottest fintech startups that are attracting their investment.