The Fintech Top 100 UK | 2025

John McCrea, updated: 15 May 2025

The 2010s saw an explosion in fintech company activity in the UK, with household names such as Monzo, Starling Bank, and Revolut all launching their consumer-focused challenger banks. Putting this in perspective, investment in fintech companies accelerated from £768m in 2014 to a height of £7.18b in 2021.

And whilst investment in fintech has cooled since 2021 — as it has across most industries according to our annual equity report, the Deal — 2024 still saw a healthy £2.42b raised by UK fintechs.

We’ve ranked the top 50 most valuable fintech companies in the UK (using their latest pre-money valuation), sourced from data on the Beauhurst platform.

What is fintech?

Fintech, a portmanteau of “financial technology”, is an industry seeking to make financial services more efficient and accessible for businesses and consumers alike. This includes technology companies such as challenger banks, payment processors, budgeting apps and cryptocurrency startups.

Fintech companies often use artificial intelligence, machine learning algorithms, blockchain and automation, along with other kinds of digital banking technology. To learn more, check out our blog on the top London-based, early-stage fintech startups.

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The state of fintech in the UK

Fintech is one of the UK’s strongest startup sectors, with more than 1,800 high-growth fintech companies currently active and 18 fintech unicorns. Collectively, UK fintech companies have raised £31.0b in equity funding so far, with a staggering £21.4b secured since 2020 alone.

As they continue to grow, these fintech startups and scaleup companies are successfully disrupting the traditional banking and financial services industry, and catalysing innovation amongst incumbent companies.

In our ranking, we’ve included companies that are currently tracked by Beauhurst, with their head office in the United Kingdom.

Methodology

To be included in this list of fintech companies, companies must be:

  • Headquartered in the UK
  • Operating in the ‘Fintech’ Beauhurst industry classification
  • Listed as ‘Active’ on Companies House
We’ve then ranked these companies by their latest pre-money valuation. And if you’re a Beauhurst subscriber, you can try this search for yourself. All data for this article was taken from the Beauhurst platform, and is accurate as of 9 January 2025. All data for the ranking list was taken from the Beauhurst platform, and is accurate as of 10 May 2025.

Top 10 fintech companies in the UK

10.

OakNorth

Total amount raised: £637m
Established: 2013
Location: Manchester

Manchester-based OakNorth provides banking and finance services to entrepreneurs, growing companies, and individuals.

Incorporated in 2013, the company has been through three funding rounds, raising a total of £637m to date. The company also acquired Fluidly in 2022.

It took part in the Future Fifty accelerator programme and has featured on eight high-growth lists.

09.

Metro Bank

Total amount raised: £640m
Established: 2007
Location: Camden

 

Metro Bank operates a chain of high-street banks. Founded in 2007, the company has been through four funding rounds, raising a total of £640m. It has appeared on the 1000 Companies to Inspire Britain high-growth list four times.

The company acquired RateSetter in 2020, for £3.00m. And it underwent a £400m IPO in 2016.

08.

Zepz

Total amount raised: £711m
Established: 2019
Location: City of London

Zepz has created a digital platform that allows migrants and expats to transfer money to friends and family in other countries. It works across two brands: WorldRemit, an app that allows you to send money to over 130 countries, and Sendwave, which facilitates the transfer of money to friends and family in Asia and Africa.

This company has featured on a staggering 19 high-growth lists, including the Deloitte Fast 50 three times, 1000 Companies to Inspire Britain twice, and most recently, the London Tech 50 in 2020.

Altogether, Zepz has raised £712m in equity investment across nine funding rounds — its most recent being a June 2024 raise worth £209m, which saw the company valued at a princely sum of £3.93b.

07.

Starling Bank

Total amount raised: £715m
Established: 2014
Location: Tower Hamlets

Winner of the Best British Bank award for four consecutive years from 2018 to 2021, and in 2023 won Britain’s Best Current Account for the fifth year, Starling Bank also operates a challenger bank. It offers various consumer accounts (personal, joint, business, and euro) as well as business accounts with same-day setup, no monthly fees, and easy accounting tools.

Through the company’s mobile banking app, users also benefit from instant notifications on spend and income, no overseas fees, and 24/7 support. In 2021, the fintech company introduced its ‘Bills Manager’, helping customers to pay their bills on time and better manage their money. It allows users to automatically pay Direct Debits and standing orders from a Saving Space.

Starling Bank has secured £715m in equity fundraisings so far, through nine rounds, alongside a £100m innovation grant in February 2019. It also acquired Hampshire-based lender Fleet Mortgages in July 2021. In its most recent raise in April 2022, Starling Bank had a pre-money valuation of £2.61b.

10.

Total amount raised: £185m
Total equity rounds: 5
Established: 2014
Location: Oxford

Oxa develops software designed to power driverless vehicles, with technology that uses features such as cameras and lasers in order to sense and navigate the surrounding environment. In 2023, the UK government announced that Oxa had been included in their Advanced Manufacturing Plan, setting out £150m of investment to supercharge the self-driving vehicle sector. They have received £185m to date through five rounds of fundraising, including £113m in December 2022, aimed at selling its software to a wider range of industries and growing worldwide.

9. Callsign

Total amount raised: £215m
Total equity rounds: 5
Established: 2010
Location: City of London

Focusing on creating smooth customer interactions, AI company Callsign has produced technology for passive authentication, fraud prevention, and intelligence. Its proprietary technology uses artificial intelligence to mimic how humans recognise each other. In October 2021, Visa choseCallsign as their preferred behavioural biometric and device intelligence identity partner across Europe. Callsign is the world’s fastest-growing behavioural authentication and intelligence company. It has raised a total of £215m in investment, across five funding rounds. The company’s main investors include JP Morgan, AllegisCyber, and NightDragon Security.

8. Lendable

Total amount raised: £216m
Total equity rounds: 7
Established: 2014
Location: Hackney

Lendable is a fintech company developing a peer-to-peer lending platform for consumer finance. The company’s AI software matches users with appropriate investors, leveraging artificial intelligence and automated underwriting to quickly approve loans. Lendable also offers loans to those with lower credit scores to provide a fairer borrowing solution. Lendable has raised £216m, across seven funding rounds, since 2014. It’s expanded to offices in New York, Nairobi, and Singapore, and has featured in several high growth lists: 2022’s FT 1000, the Deloitte Fast 50 in both 2019 and 2020, and the Fast Tech Track 100, also in 2019 and 2020. Additionally, in 2018, Lendable participated in Addleshaw Goddard’s AG Elevate accelerator programme for scaling fintech startups.

06.

Zopa

Total amount raised: £725m
Established: 2017
Location: Tower Hamlets

Formerly a global peer-to-peer (P2P) lending platform, Zopa now operates an online bank. In December 2021, the London-based fintech firm announced its decision to close its P2P operations after 16 years, to focus more on its challenger bank offering. Zopa Bank was launched in 2020 and has been granted a full banking licence.

The company, which was established in 2004, has appeared on 10 high-growth lists between 2015 and 2024, its most recent appearance being on the Deloitte Fast 50 2024.

Zopa has raised £657m in equity across 14 rounds, including a £68m round in December 2024, giving the company a pre-money valuation of £840m. Participants in this latest raise included UK-based Augmentum Fintech and SilverStripe Investment Management,
in addition to US VC fund Davidson Kempner Capital Management and Danish fund A.P. Moller.

05.

SumUp

Total amount raised: £770m
Established: 2011
Location: Westminster

SumUp develops payment processing systems, including card reader devices, that allows sellers to process payments online and in-store.

Overall the company has raised £770m over eight rounds of funding. And in total has made six acquisitions.

The Westminster-based company has also featured on the Deloitte Fast 50 and 100 FinTech Disrupters high-growth lists.

04.

Revolut

Total amount raised: £1.26b
Established: 2020
Location: Tower Hamlets

Revolut provides a financial services and digital banking app where users can track and send money, trade cryptocurrency, and more. In December 2021, Revolut was granted a full banking licence by the European Central Bank and acquired both ePOS software provider Nobly and Wanted — the US-based online job marketplace — in quick succession.

To date, the company has secured £1.26b in equity investment across 10 funding rounds, with investors including Seedcamp, Index Ventures, Molten Ventures, Ribbit Capital, Schroders, and Tiger Global.

Revolut announced record profits of £438m in 2024, with a turnover of £1.80b. And off the back of this growth, the bank — which now has over 50m users worldwide — is planning to offer a private banking facility for wealthy individuals in 2025.

03.

Checkout.com

Valuation: £1.36b
Established: 2012
Location: Hackney

Checkout.com develops software that allows businesses to process online payments in multiple currencies. Since its incorporation in 2012, the company has acquired four companies, most recently acquiring ubble in 2022.

The company has attended two accelerator programmes, and featured on 11 high-growth lists including the E2E Job Creation 100 in 2024.

7. Huma

Total amount raised: £236m
Total equity rounds: 10
Established: 2011
Location: Westminster

​​Huma (previously Medopad) is developing a web-based portal for hospitals and healthcare professionals to contain, manage, and collect health records. This data is then accessible to patients through a mobile app. Alongside its main goal of managing healthcare data, Huma also works on digital health insights and has developed wearable technology to detect digital biomarkers and assess health in real-time. Huma has been working with many organisations around the world, including the NHS, to monitor COVID-19 patients remotely. The AI company has secured £236m in fundraisings, from investors including Healthbox, Nexus Investments, Bayer, and NWS Holdings. In 2020, the company acquired two businesses: stress and productivity biometric startup BioBeats, and Tarilian, an optoelectronic sensor company that makes technology for measuring blood pressure and heart monitoring. They have since acquired Alcedis, developers of a platform for the digitisation of clinical trials that can be integrated with third-party systems, and iPLATO, developers of an app that improves patients’ access to GP practices through an online booking system, and provides a platform for healthcare campaigns.

6. Patsnap

Total amount raised: £251m
Total equity rounds: 4
Established: 2007
Location: Southwark

Patsnap has created a web-based platform to help clients assess intellectual property patents, with access to patent expiry dates, licensing, renewal, and legal information for tech companies. The lawtech company’s platform is powered by artificial intelligence algorithms and natural language processing, to parse patents and IP, as well as extract and cross-match critical information. It can even analyse more complex documents, like clinical trials, chemical structures patents, and litigation records. Patsnap has over 10k customers in over 50 countries, including big names like Tesla, Dyson, and NASA. So far, the company has secured £251m in investment, across four funding rounds.

5. Quantexa

Total amount raised: £286m
Total equity rounds: 6
Established: 2016
Location: Lambeth

Quantexa is a cybersecurity firm that develops AI technology to secure organisations’ data and flag illegal activity. It works closely with industries that handle large datasets (such as banking, e-commerce, and the public sector), to create analytical models that uncover data risk, reveal opportunities, and enhance decision making. The company is backed by AlbionVC, Dawn Capital, HSBC Enterprise Fund, and Accenture, among others. In its latest funding round, Quantexa raised £104m in investment. This took the company’s total fundraisings to £286m. Quantexa has attended both the Microsoft ScaleUp accelerator and Tech Nation’s Future Fifty accelerator. It has also appeared on several high-growth lists, including The Telegraph’s Tech Hot 100, Fast Track’s Tech Track 100, InsurTech 100, and the 2021 edition of The Regtech 100.

02.

Monzo

Total amount raised: £1.41b
Established: 2015
Location: City of London

Also operating a challenger bank is Monzo. Fully authorised and regulated by the PRA and FCA, over 10m people use Monzo to manage and spend their money around the world. The London-based fintech company employs over 3,100 people, with offices in London and Cardiff.

With an impressive 16 equity rounds under its belt, Monzo has secured £1.42b in equity investment so far, with investors including Accel, Coatue Management, Abu Dhabi Growth Fund, General Catalyst Partners, and Crowdcube.

In 2024, the company generated £880m in turnover — almost doubling its 2023 figures — and had a £3.13b pre-money valuation in its latest round in May 2024, based on the latest data from the Beauhurst platform.

01.

FNZ

Total amount raised: £1.42b
Established: 2005
Location: City of London

FNZ develops wealth management software and investment platforms in partnership with wealth managers, retail banks, life insurers and other financial services companies.

Throughout its lifespan, FNZ has acquired a huge 14 companies. Most recently, in 2024, it acquired French company ifsam.

Overall the company has only been through two funding rounds but has raised a massive £1.42b to date. It has also hit the Beauhurst Signal for scaleup as the company grew by at least 20% each year for three consecutive years.

4. Gousto

Total amount raised: £321m
Total equity rounds: 14
Established: 2012
Location: Shepherds Bush

Gousto is a meal kit delivery service that provides exact ingredients and portions to customers with instructions on how to prepare the dish. The food tech unicorn, backed by celebrity fitness coach, Joe Wicks, and Japanese investment giant SoftBank, is powered by AI, a technology used since its founding. They have received £321m in funding to date, through 14 rounds of funding. The most recent of these was in February 2023, which saw £50m invested to support them during times of economic uncertainty. Their post-money valuation was listed as £239m. They have been named on a number of high-growth lists, including the FT 1000, Fast Track Tech Track 100, and Top 100 – Britain’s Fastest Growing Businesses. They also attended the Future Fifty accelerator in 2017.

3. Cera

Total amount raised: £366m
Total equity rounds: 9
Established: 2015
Location: Islington

Cera provides homecare, telehealth consultations, and prescription services, which can be managed through a mobile app, which also allows users to book appointments with nurses on demand. To date, they have secured £366m through nine rounds of fundraising. In August 2022, they raised £81.3m to invest in increasing their capacity to help more patients, a project that was invested into by 8090 Partners, Evolve Healthcare Partners, Guinness Ventures, and Jane Street, amongst others. They have attended DigitalHealth.London Accelerator, PwC Scale Programmes, and Govstart.

2. Thought Machine

Total amount raised: £392m
Total equity rounds: 8
Established: 2011
Location: Islington

Thought Machine develops fintech software Vault, which enables banks and financial services providers to centrally manage a range of products. Its core banking platforms can be used to run day-to-day operations, improving the cost, speed, and adaptability of legacy systems. Thought Machine’s software is accessed through an API and has a large artificial intelligence component. The AI company has raised £398m in growth capital so far, across seven funding rounds, with the likes of Molten Ventures (previously Draper Esprit), IQ Capital, Playfair Capital, and British Patient Capital. Its most recent fundraising, secured in July 2020, saw the company valued at £221m pre-money. Alongside new investors ING Ventures, JP Morgan Chase Strategic Investments, and Standard Charter Investments, this latest raise also saw Thought Machine reach unicorn status.

1. Graphcore

Total amount raised: £528m
Total equity rounds: 9
Established: 2016
Location: City of Bristol

Graphcore operates in the semiconductor processing chip industry, developing and manufacturing chips made specifically to accelerate artificial intelligence and machine learning tasks. Graphcore’s chips use Intelligence Process Unit (IPU) technology, housing 1,472 separate IPU-Cores, capable of executing 8,832 separate parallel computing threads. The Bristol-based AI startup has grown from strength to strength since 2016, with a total of nine funding rounds under its belt, which saw it reach unicorn status after just four years of trading. Graphcore has raised more than half a billion pounds in investment, and is partnered with large tech companies such as Microsoft and Dell Technologies. The company has offices in London, Cambridge, Oslo, Beijing, Seoul, and across the US.

The future of fintech companies in the UK

Whilst the number of new fintech company incorporations has contracted in recent years — from a height of 181 new companies in 2019 to just 25 in 2024 — investment figures have remained strong. And in 2025, Revolut has reached a stage of growth where it can offer a private banking offering for wealthy individuals.

And with mainstream adoption of artificial intelligence and blockchain technology only increasing, companies including Lendable are augmenting existing fintech with greater innovations. With this in mind, it’s possible that — depending on broader economic conditions — that we could see another uptick in fintech company incorporations in the next few years.

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