Driven by innovation and technology, with accessible talent, expertise and funding, the UK has become an attractive destination for Fintech. Expanding rapidly since the early 2010s, the UK Fintech sector has become home to some of the largest and well-known companies in the world. Now, in terms of investment per capita, the UK is second only to Singapore on the world stage, accounting for 50% of venture capital in Fintech.   As of 2023, there are more than 1,600 Fintech firms based in the UK and this is expected to double by 2030. However, this growth has not come without…

Across the UK, fintech has been growing at an exponential rate throughout the last decade. As of 2022, the UK owns more than 10% of global market share. In 2020, there were more than 2,500 fintech companies operating in the UK and that figure has continued to grow since then. While investment in the global fintech landscape is now slowing, in the first half of 2022 the UK saw a 24% increase year-on-year in fintech investments, defying the global trend. London is responsible for much of this growth. The capital has one of the largest concentration of fintech companies in…

The Government is introducing the Economic Crime and Corporate Transparency Bill as part of an upgrade of powers to Companies House, described as the organisation’s biggest upgrade in 170 years. Anyone who registers a company in the UK will need to verify their identity. The Home Office says this is necessary to tackle anyone who uses companies as a “front for crime or foreign kleptocrats”. Companies House will be given new powers to check and challenge information in a bid to make it into a “more active gatekeeper”, the Home Office states. If you are in need of legal advice for…

Regulation in the spotlight as UK emerges as a leader in the emergence of fintech, crypto-companies and Distributed Ledger Technology