A new report from Whitecap Consulting shows the FinTech sector in the Leeds City Region has experienced huge growth over the last three years.
IN BRIEF:
- Leeds is currently home to more than 100 FinTech firms, and is contributing more than £700m per year to the regional economy, according to Whitecap’s research.
- Whitecap’s analysis shows growth of 263 per cent in the number of FinTech startups and scaleups with a presence in the region since 2020, now totalling 87 firms.
- The sector has been boosted in recent years by the decisions of organisations such as LHV Bank, Iwoca, Recognise Bank, Global Shares, and PEXA to establish bases in the region.
What does it mean?
Charlotte Croswell said: “The growth of the FinTech sector in Leeds is very impressive, and I look forward to working with the financial services, FinTech and technology sectors in the region and across the UK to drive international FinTech growth, attract talent into the fintech sector, and ensure better outcomes for consumers and SMEs. It is important we continue to enhance the links between industry, academia, government and regulators to support this exciting sector, and ensure that its impact is felt up and down the country.”
