Greater Manchester has been named as the largest FinTech ecosystem in England outside of London.
This is according to Whitecap Consulting.
The research was supported by Alliance Business School, BJSS, CMS, FinTech North, Innovate Finance, MIDAS and the University of Manchester.
The study identified and researched 39 FinTech startups and scaleups in the region.
What does this mean?
In addition to the number of FinTechs, it is also important to note maturity, with 49% being classes as scaleups. There is also a high number of firms (109 in total) which are “active in FinTech” in the region. These include technology companies and financial institutions.