The UK fintech sector is on a little bit of roll. Allica Financial institution – a London-based fintech – lately introduced it had doubled its income in 2024, bringing in £29.9 million, whereas Neobank Revolut introduced a £1bn revenue in 2024. Firms of this nature proceed to spring out of London, a metropolis which has turn out to be a fintech world chief, partly due to its lengthy monetary heritage but additionally as a result of it was a pioneer of Open Banking. There at the moment are over 185 UK fintech startups valued over £1 billion, based on analysis from HSBC Innovation Banking.
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