London is the FinTech capital of Europe

London is the place to be for FinTech companies. We know what’s going on and run a growth accelerator programme for Norwegian technology executives in the Finance district of Canary Wharf.

What makes London the FinTech capital of Europe?
London has gained a reputation as the FinTech capital of Europe. This is because more and more startups from all over the world set up in London, and recent figures reveal that investment in financial technology in the UK’s capital is growing faster than anywhere else in the world and accounts for more than half of European investment in this sector.

  1. Clusters
    Position yourself at the heart of a leading global financial centre and booming tech industry to form innovative partnerships across sectors. Develop new ideas with the capital’s 40 000 financial services companies, cutting-edge tech start-ups and some of the world’s biggest banks.
  1. World-class talent
    Access talent from a pool of thousands of employees working in London’s FintTech sector and many more digital tech professionals. London is now the world’s largest centre for financial technology, with more workers in FinTech than either New York City or San Francisco – Silicon Valley.
  1. Investment
    More than half of all FinTech investment in Europe is channelled into London. The capital’s FinTech startups have attracted millions of investment. Major new tech funds setting up in London from around the world include Santander (£60m), Index Ventures (£328), Google Ventures (£76m).
  1. Digital connectivity
    In London, super-fast broadband and transport networks guarantee you world-class connectivity and access to customers. The UK has one of the highest levels of internet and mobile phone coverage, has the highest e-commerce spend in Europe and is a leader in online access to financial services.


Innovation Norway’s TEA accelerator programme in the finance district of London
We are running an accelerator programme called TEA Technology Executive Accelerator; it is a growth programme targeting Norwegian technology executives looking to scale their operations globally. Our accelerator is held at Level39, Europe’s largest technology accelerator for businesses in the finance, retail, cyber-security and future cities technologies sector and provides high-growth companies with the necessary skills to grow at a fast pace.

Our Accelerator at L39 is in a brilliant location surrounded by banks and HQs, which puts entrepreneurs in the same space as some of the world’s most influential technology investors, industry experts and organisations, accelerating their traction and access to markets.

Get in touch with us if you want to find out more, or if you need assistance in expanding your business to the UK:

Hilde Hukkelberg
Director
Innovation Norway, United Kingdom
Hilde.hukkelberg@innovationnorway.no

Photo: Dil, Unsplash.com 

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