Yeah, London is an obvious home for fintech, it’s been huge lately.
No good news allowed
Definitely something London excels at. Perfect hub for it as well with canary wharf and the city and good tech sector and can attract international talent.
Soooo… what exactly is FinTech?
It’s short for financial technology I’m assuming. Is it apps and software and the like? Like the interface I see when I go on my banking apps. Or is it more tech for big financial institutions who are doing things I wouldn’t understand?
The UK is by far the worlds largest net exporter of financial services, has annual venture capital funding larger than Germany, France, Italy and Spain combined and is one of only three $1T tech markets on earth. It is by far the largest fx hub in the world, one of the largest bond markets, and it’s also one of the top five (iirc) stock markets by value.
Our Financial Services sector as a % of our economy is among the highest in the world among major nations, roughly equal to Switzerland’s or Luxembourg’s, double the German or French %.
85% up voted at time of this comment. What kind of unhinged oddball would down vote this?
Benefits of Brexit that the lefties wont acknowledge.
without london the uk is basically third world lmao
Lol what do you expect our wages are like half of the US in tech; we’re like a fucking low cost delivery centre to them.
May or may not be related but in the last few months I’ve been inundated with job offers from “fintech” companies that after a few minutes of digging turn out to be payday loans companies.
Makes me laugh all the folk on here who hate on London Finance when it’s the only industry doing any heavy lifting in this country lol
I work at a fintech start up. This might be entirely true only in the b2b word, which makes sense from the London/b2b perspective, but the uk is atrocious for funding anything not in that category, Europe and the US stomp all over it. The UK is set up solely to look at investments from rich white guys looking to save via EIS tax schemes via predictable b2b Saas models and nothing more sadly. There might be more money but it’s not a better environment to my mind.
Given the amount of business London is losing to the EU thanks to the stupidity of Brexit I guess that’s good news.
If the people force instead of strike.
This Country wl recover sooner than expected.
15 comments
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Yeah, London is an obvious home for fintech, it’s been huge lately.
No good news allowed
Definitely something London excels at. Perfect hub for it as well with canary wharf and the city and good tech sector and can attract international talent.
Soooo… what exactly is FinTech?
It’s short for financial technology I’m assuming. Is it apps and software and the like? Like the interface I see when I go on my banking apps. Or is it more tech for big financial institutions who are doing things I wouldn’t understand?
The UK is by far the worlds largest net exporter of financial services, has annual venture capital funding larger than Germany, France, Italy and Spain combined and is one of only three $1T tech markets on earth. It is by far the largest fx hub in the world, one of the largest bond markets, and it’s also one of the top five (iirc) stock markets by value.
Our Financial Services sector as a % of our economy is among the highest in the world among major nations, roughly equal to Switzerland’s or Luxembourg’s, double the German or French %.
85% up voted at time of this comment. What kind of unhinged oddball would down vote this?
Benefits of Brexit that the lefties wont acknowledge.
without london the uk is basically third world lmao
Lol what do you expect our wages are like half of the US in tech; we’re like a fucking low cost delivery centre to them.
May or may not be related but in the last few months I’ve been inundated with job offers from “fintech” companies that after a few minutes of digging turn out to be payday loans companies.
Makes me laugh all the folk on here who hate on London Finance when it’s the only industry doing any heavy lifting in this country lol
I work at a fintech start up. This might be entirely true only in the b2b word, which makes sense from the London/b2b perspective, but the uk is atrocious for funding anything not in that category, Europe and the US stomp all over it. The UK is set up solely to look at investments from rich white guys looking to save via EIS tax schemes via predictable b2b Saas models and nothing more sadly. There might be more money but it’s not a better environment to my mind.
Given the amount of business London is losing to the EU thanks to the stupidity of Brexit I guess that’s good news.
If the people force instead of strike.
This Country wl recover sooner than expected.
Good news