London has long been a global hub for financial innovation, and its fintech scene continues to thrive. The city’s unique blend of financial expertise, technological talent, and a supportive regulatory environment has fostered the growth of numerous groundbreaking startups.
From digital banking revolutionaries to blockchain pioneers, these companies are reshaping the financial landscape. In this article, we highlight some of the most promising fintech startups in London that are poised to make waves in the industry. These innovative firms aren’t just disrupting traditional finance – they’re building the future of money.
Best Fintech Startups to Watch in London
Every year, new startups pull to the forefront of their industry through exciting innovation, tech, and cutting-edge business models. We’ve rounded up 2024’s top fintech startups in London that startup lovers, investors, and aspiring entrepreneurs should follow.
Disclaimer: With so many exciting London fintech startups launching and growing, we aren’t able to cover them all. Furthermore, the startups listed below aren’t officially ranked and appear in no particular order.
1. TrueLayer
- Founded In: 2016
- Founder(s): Francesco Simoneschi, Luca Martinetti
- Funding: Series E, $271.5 Million
- Investors Include: Tiger Global Management, Connect Ventures, Visionaries Club
TrueLayer specializes in open banking technology. The company provides an application programming interface (API) platform that enables businesses to securely access and use financial data from banks and other institutions. TrueLayer’s services support account verification, payment initiation, data aggregation, and financial insights in order to facilitate innovation across the financial services sector. By making it easier for businesses to integrate banking data and functionalities, TrueLayer has gained significant traction. It now partners with numerous banks, financial institutions, and technology companies to streamline processes like credit assessments, account opening, and payment systems.
2. Paddle
- Founded In: 2012
- Founder(s): Christian Owens, Harrison Rose
- Funding: Series D, $293.3 Million
- Investors Include: Kindred Capital, Notion Capital, FTV Capital
Paddle provides a comprehensive platform to help software companies manage their entire revenue infrastructure. Specifically, Paddle offers a suite of tools that handle payments, tax compliance, billing, and licensing for Software as a Service (SaaS) businesses. The company’s all-in-one solution simplifies the complexities of global sales, allowing software providers to focus on product development and growth rather than back-office operations.
3. BVNK
- Founded In: 2021
- Founder(s): Donald Jackson, Jesse Hemson-Struthers
- Funding: Series A, $40Million
- Investors Include: Tiger Global, Base Capital, The Raba Partnership
BVNK is a fintech startup that specializes in providing cryptocurrency banking services for businesses that bridge traditional finance with digital assets. Specifically, it enables companies to seamlessly integrate crypto transactions into their operations. The startup provides services like crypto-fiat exchange, cross-border payments, and treasury management solutions — all designed to help businesses navigate the complexities of digital asset adoption. BVNK’s infrastructure allows clients to hold, transfer, and manage both fiat currencies and cryptocurrencies in a single account, catering to the growing demand for crypto-friendly financial services in the corporate sector.
4. GoCardless
- Founded In: 2011
- Founder(s): Hiroki Takeuchi, Matt Robinson, Tom Blomfield
- Funding: Series G, $540 Million
- Investors Include: Accel, BlackRock Private Equity Partners, Salesforce Ventures
GoCardless is a wildly successful fintech startup that simplifies recurring payments for businesses. The company offers a global bank debit network that enables businesses to collect recurring and one-off payments directly from customers’ bank accounts. GoCardless automates the payment collection process, reducing administrative overhead and improving cash flow for businesses of all sizes.
5. FintechOS
- Founded In: 2017
- Founder(s): Sergiu Negut, Teodor Blidarus
- Funding: Series B+, $151.1 Million
- Investors Include: BlackRock, Earlybird Venture Capital, Cipio Partners
FintechOS focuses on accelerating digital transformation in the financial services sector. The company’s low-code platform enables banks, insurers, and other financial institutions to rapidly build and use personalized digital products and services. Plus, FintechOS offers prebuilt modules and integrations from customer onboarding to lending and insurance products. The company’s approach aims to reduce development time and costs while increasing agility, allowing financial institutions to compete more effectively in the digital age by quickly adapting to market demands and customer needs.
6. Sidekick
- Founded In: 2022
- Founder(s): Matt Ford, Pete Townsend
- Funding: Seed, $10.8 Million
- Investors Include: TheVentureCity, Semantic Ventures, Seedcamp
Sidekick has developed a personalized money management app designed to help users achieve their financial goals and grow their wealth. The platform allows users to invest in private credit, private equity, and venture capital without requiring the high investment amounts traditionally required to participate in these investments. Additionally, the platform provides a portfolio line of credit that gives users access to cash when they need it while keeping investments intact.
7. ComplyAdvantage
- Founded In: 2014
- Founder(s): Charles Delingpole
- Funding: Series C, $113 Million
- Investors Include: Index Ventures, Balderton Capital, Goldman Sachs Growth Equity
ComplyAdvantage develops artificial intelligence (AI)-driven solutions for financial crime detection and prevention. The company’s platform uses machine learning (ML) and natural language processing (NLP) to analyze vast amounts of data in order to help businesses identify and mitigate risks related to money laundering, terrorist financing, and other financial crimes. ComplyAdvantage also offers real-time watchlist screening, transaction monitoring, and adverse media screening services.
8. Currensea
- Founded In: 2018
- Founder(s): Craig Goulding, James Lynn
- Funding: Equity Crowdfunding, $13.5 Million
- Investors Include: 1818 Venture Capital, Blackfinch Ventures
Currensea offers an innovative travel money solution in the form of a debit card. The company provides a layer that sits between a user’s existing bank account and foreign currency transactions, allowing customers to spend abroad using their own bank account — without the typical fees associated with overseas spending.
9. Revolut
- Founded In: 2015
- Founder(s): Nik Storonsky, Vlad Yatsenko
- Funding: Series E, $2.14 Billion
- Investors Include: SoftBank Vision Fund, Woodford Investment Management, Stableton Financial
Revolut is a leading digital banking and financial services platform that offers a comprehensive suite of services through its mobile app, including multicurrency accounts, debit cards, currency exchange at competitive rates, and international money transfers. The platform has expanded to include cryptocurrency trading, commission-free stock trading, budgeting tools, and various insurance products. Revolut also provides business accounts for companies of different sizes.
10. Dojo
- Founded In: 2008
- Founder(s): George Karibian, Jan Farrarons
- Funding: Debt Financing, $987 Million
- Investors Include: CVC Credit Partners, EQT
Dojo specializes in payment processing and financial technology solutions for businesses with a particular focus on the retail and hospitality sectors in the United Kingdom and Ireland. The company offers a range of products and services designed to streamline and modernize payment acceptance and management for merchants, such as credit card terminals and online payment solutions.
11. Wirex
- Founded In: 2014
- Founder(s): Dmitry Lazarichev, Georgy Sokolov, Pavel Matveev, Rajiv Sainani
- Funding: Series B, $27.8 Million
Investors Include: SBI Investment, Love Capital, Genesis Capital
Wirex offers a multicurrency account that allows users to buy, hold, exchange, and spend both traditional (fiat) currencies and cryptocurrencies. The company’s key product is a payment card that users can link to this account, enabling them to spend their digital assets in everyday transactions. The platform supports instant conversion between cryptocurrencies and fiat currencies, making it easier for users to use their crypto holdings for real-world purchases. Wirex also provides features like rewards programs, competitive exchange rates, and the ability to transfer funds globally.
12. Taptap Send
- Founded In: 2018
- Founder(s): Michael Faye, Paul Niehaus
- Funding: Series B, $80 Million
- Investors Include: Canaan Partners, Spark Capital, Reid Hoffman
Taptap Send focuses on international money transfers — particularly those serving immigrant communities and developing markets. The startup provides a mobile app-based remittance service that allows users to send money across borders quickly and at a low cost. The company specializes in transfers to countries in Africa, Asia, and Latin America, and often targets corridors that are underserved by traditional financial institutions.