Finance for Recruitment Agencies Placing Contractors - 100% of your profit released weekly with the technology to eliminate contract administration

Feb 12, 2016

100 UK Fintech Companies You Need to Know in 2016

As bold and innovative ideas meet technological possibilities, the UK Fintech sector is expanding its reach beyond lending, payments and money transfers. Receiving record funding in 2015, UK Fintechs are on a mission to shake up established processes and simplify finance. Sonovate looks at the biggest players and new entrants who will be shaping Fintech in 2016.

GoCardless, Property Partner, Crowdcube, WorldPay… there are so many UK Fintech companies transforming the world of finance. With 2.5 billion people currently estimated to use alternative banking and financial systems, Fintechs are undeniably making a huge impact on the global economy.

Here are some of the highlights of 2015 for UK Fintechs:

Worldpay, a payment processing company, sealed the biggest UK Fintech IPO since 2011, valuing the company at over $7 billion.
Atom Bank has just signed a major contract to be the first digital only bank to offer biometric security (face and voice recognition), for its customers.
WorldRemit, the online money transfer service, received $100 million funding in 2015, led by Technology Crossover Ventures, early investors of Facebook, Spotify, and Netflix.
Five UK Fintechs were named in the top 50 global investment for 2015. Coming third in the overall rankings in terms of investment raised per country behind the US and China were Funding Circle ($150m), Atom Bank ($128m), WorldRemit ($100m), Ebury ($83m) and TransferWise ($58m).

Earlier this year, UK Fintechs including Nutmeg, LendInvest, Bankable, TransferGo, SyndicateRoom, Yoyo Wallet, DueDil, Iwoca, RateSetter and Seedrs were present at the Davos 2016 World Economic Forum. Addressing the major issues of financial inequality, migration and market turmoil — the presence of the Fintechs demonstrates the impact and optimism surrounding the arrival of the ‘Fourth Industrial Revolution’.

With new Fintechs entering the market every month, Sonovate has highlighted 100 UK Fintechs you need to know in 2016. Download your copy today.

Originally published at www.sonovate.com.