Report by Whitecap Consulting has identified and mapped out a significant and growing FinTech sector

IN BRIEF:

The FinTech sector in the region is estimated to be generating £218.8m of GVA per year for the regional economy

It identifies 42 FinTech firms that are based within the region, approximately four out of five of which are startups and scaleups

The key strengths of these firms are in payments, WealthTech, InsurTech and accounting. In addition to mapping out the FinTech sector, the report includes case studies highlighting the region’s strengths in HealthTech, LegalTech, and Gaming

What does this mean?

Steve Rotheram, Metro Mayor of the Liverpool City Region, said: “As Mayor, establishing our city region as one of the most attractive places in the country – and the world - for businesses to innovate and invest is one of my top priorities. In the six years since I was first elected, the journey to realising that ambition has been made much easier by the enviable foundations we’re building on. Our area is fortunate to already be home to a thriving FinTech sector that is worth a nearly £220m a year to our economy. Those businesses support livelihoods, cultivate creativity, and enhance the communities they operate in. My role, therefore, is to ensure they get the opportunities they deserve to unleash their full potential.”