With the advent of Fintech, the UK banking industry has seen a massive surge in startups offering unique, innovative, and customer-oriented services. Emerging from the heart of England are some path-breaking institutions that are redefining conventional banking and financial solutions. Here’s a detailed look at 15 such startups in England that are disrupting the banking industry.
These startups not only dominate the domestic markets but have a global presence. With creative financial solutions powered by advanced technology, many of these startups are leveraging big data and AI to enhance their offerings. They have been tremendously successful in attracting a younger audience who prefer digital platforms for their financial needs.
The current trend suggests that these startups have a favorable future. They are evolving at a rapid pace and continuously adapting to changes. Here, we explore their unique business models, their industry, founders, and the functions they serve.
The Bank of London
Founded by Anthony Watson, The Bank of London is a global clearing, agency, and transaction bank with a vision to advance the economic infrastructure of the future. The startup operates in the Banking, Financial Services, and FinTech space.
KRM22
KRM22 is committed to providing financial market organizations with impeccable services. They are a significant player in Banking, Financial Services, Information Technology, and Insurance sectors.
Anglesea Capital
Anglesea Capital offers a broad range of logistics real estate investment and asset management services, making their mark in the Asset Management, Banking, and Real Estate Investment industries.
Schwarz Gehard
Schwarz Gehard is a privately-held firm that provides asset management services to individual investors, their families, and institutions. Operating from London & Vienna, they excel in Banking, Consulting, Crowdfunding, Financial Services, and Legal sectors.
EWMcapital
EWMcapital plays a crucial role in connecting institutional buyers of alternative investments across the UK, Europe, and the Middle East. They are a key player in the Banking, Financial Services, Office Administration, and Wealth Management sectors.
Develop & Empower
Develop & Empower specializes in emergency power solutions and operates mainly in the Banking, Finance, and Service Industry sectors.
European Bank for Reconstruction and Development
Founded by Jacques Attali, the European Bank for Reconstruction and Development is a notable firm in the investment sphere, whose operations span the sectors of Banking, Finance, Financial Services, and Venture Capital.
Bud
Crafted by Edward Maslaveckas and George Dunning, Bud offers an open banking platform that provides users with data from multiple financial products. They are relevant in the Banking, Data Integration, Financial Services, and FinTech space.
Lendable
Lendable, from founders Jakob Schwarz, Martin Kissinger, and Paul Pamment, has established itself well in the peer-to-peer lending platform market. They offer instant paperless loans, serving the Banking, Financial Services, FinTech and Payments sectors.
Cushon
Cushon, founded by Ben Pollard and Phil Hollingdale, is an innovative fintech company providing investment, pension, financial wellbeing, and workplace savings solutions. It operates in the Banking, Financial Services, FinTech, and Venture Capital industries.
Revolut
Started by Nikolay Storonsky and Vlad Yatsenko, Revolut is a financial services company specializing in mobile banking, card payments, money remittance, and foreign exchange, essential in the Banking, Financial Services, FinTech, and Mobile Payments sectors.
Thought Machine
Thought Machine, founded by Paul Taylor, builds cloud-native technology to revolutionize core banking. They operate in the Banking, Enterprise Software, Financial Services, FinTech, and IT Infrastructure sectors.
HSBC
Founded by Thomas Sutherland, HSBC offers a comprehensive range of services in the Banking, Finance, and Financial Services sectors.
Monese
Monese, started by Norris Koppel, provides mobile-only, multi-currency accounts across countries in the European Economic Area. It has a significant presence in the Banking, Finance, Financial Services, and FinTech sectors.
Moneybox
Founded by Ben Stanway and Charlie Mortimer, Moneybox is a mobile savings and investment app and offers a variety of savings and investment products, including Lifetime ISAs and Pensions. They are dominant in the Banking, Finance, Financial Services, and FinTech sectors.
The influence of these startups has already been seen given their rapid growth and popularity. It’s apparent that startups are not just able to disrupt traditional banking, but can also greatly enhance the finance sector with the support of modern technology. The future of banking indeed is promising with these startups leading the charge.
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