Following in the footsteps of our sister publication, InsurTech Digital Magazine – which recently looked at the Top 10 insurtechs in the UK – FinTech Magazine does the same for fintechs, ranking the Top 10 by total funding.
10. Curve (US$1.2bn)
Generating US$1.2bn in funds across 8 rounds, UK-based Curve offers customers an integrated platform to combine all debit and credit cards into one smart card, reducing wallet clutter and simplifying transactions. In addition, Curve allows customers to monitor spending, set budgets and seamlessly switch between cards. Offering enhanced security and competitive exchange rates, Curve provides a convenient and secure solution for domestic and international payments.
9. FNZ ($1.4bn)
With $1.4bn in total funding, fintech FNZ’s technology platform empowers financial institutions to deliver personalised investment experiences to their clients. At the forefront of digital wealth management solutions in the UK, FNZ offers comprehensive solutions encompassing investment administration, digital advice and platform services. Founded in 2003, FNZ strives to enhance efficiences, innovation and regulatory compliance for the wealth management sector.
8. LANDBAY ($1.6bn)
Specialising in buy-to-let property financing, fintech LANDBAY connects investors seeking attractive returns with creditworthy borrowers in the UK property market. Generating investment of $1.6bn over 17 funding rounds, LANDBAY’s continued growth and market presence have established them as a key player in the buy-to-let financing space. Possessing a technology-driven approach and commitment to transparency, LANDBAY counts itself as a reliable and accessible platform for both investors and borrowers.
7. Lendable ($1.6bn)
Championing a data-driven approach with innovative technology, Lendable provides lending solutions to both individuals and businesses. Its online platform allows borrowers to access personalised loan options quickly, by applying underwriting algorithms that anaylse vast data amounts for competitive rates and flexible terms. With $1.6bn in total funding, Lendable has established a strong market position since its founding in 2014, positioning itself as a leader in the UK fintech industry.
6. Wise ($1.7bn)
Sixth on the list of UK fintechs by total funding is Wise, which has adapted the way money can be transferred globally. Formerly known as TransferWise, Wise has developed an innovative platform that allows funds to be transferred internationally at speed, and at low costs. Implementing a peer-to-peer model, Wise negates the need for traditional banking intermediaries, resulting in fair exchange rates as well as lower fees. The fintech has already processed billions of dollars in cross-border transactions, receiving a total investment of $1.7bn to date.
5. Revolut ($1.7bn)
Revolut offers a range of banking and payment services, including currency exchange, international money transfers, budgeting tools, and cryptocurrency trading. With its innovative app and competitive rates, Revolut has attracted millions of customers worldwide, providing features like instant spending notifications, budgeting controls and virtual cards for added security. Receiving $1.7bn in funding across 19 rounds, Revolut can class itself as a fintech unicorn, as it continues to expand its offerings and offer flexible financial options for both individuals and businesses.
4. Checkout.com ($1.8bn)
UK fintech Checkout.com offers a payments platform that enables businesses to effortlessly accept and process digital transactions. With a robust suite of tools and APIs, Checkout.com supports a wide range of payment methods, currencies and global markets using real-time data analysis and fraud detection capabilities. Adopting a customer-centric approach, the fintech aims to ensure optimal transaction success rates, empowering businesses to optimise their online payment processes and unlock growth opportunities. Since its founding, the company has received $1.8bn in total funding.
3. SumUp ($2bn)
SumUp is a leading fintech company that specializes in providing easy-to-use card payment solutions for small businesses. With compact card readers and an intuitive mobile app, SumUp enables merchants to easily accept card payments. Its transparent pricing structure makes it simpler for small businesses to embrace electronic payments, with solutions for invoicing, inventory management and customised receipts. Generating $2bn in total funding, SumUp comes third on our list of Top 10 UK fintechs by total funding.
2. Prodigy Finance ($2.1bn)
With $2.1bn in total funding, Prodigy is the second most significantly funded UK-based fintech. The company provides a unique student loans platform, allowing talented young people access to higher education opportunities by assessing their future earnings potential and assisting them in their ambitions to study abroad. By leveraging a data-driven approach, Prodigy Finance enables students to secure funding without the need for collateral or a co-signer. This inclusive model has opened doors for students who traditionally faced challenges in obtaining loans. With its user-friendly online application process, competitive interest rates, and flexible repayment terms, Prodigy Finance has supported thousands of students in realising their educational aspirations.
1. LendInvest ($2.2bn)
Number one in our list of most funded UK-based fintechs is LendInvest, which provides financing solutions for property professionals, investors and developers. Having received a total of $2.2bn over 21 funding rounds, the fintech now sits at the forefront of property finance innovation. Its digital marketplace connects borrowers with a network of institutional and individual investors, offering a range of loan products tailored to meet specific property needs. LendInvest's streamlined online application process, coupled with its sophisticated underwriting technology, ensures fast loan origination and funding. With a focus on transparency and customer-centricity, LendInvest has built a reputation for delivering competitive rates, excellent customer service, and seamless transactions.