Despite UK Fintech investments falling by 56% in 2022 (KPMG), the region is still one of the hottest Fintech markets. These are the top 10 employers in the UK, their headcount growth over the past 12 months, roles most hired for, diversity insights, and more…
1. Visa (5%)
Visa is a world leader in digital payments. The corporation facilitates transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories.
2. Virgin Money (7%)
Virgin Money is a financial services brand used by two independent brand licensees from Virgin Group worldwide. Bringing together the combined history and expertise of Clydesdale Bank, Yorkshire Bank and Virgin Money, the company aims to be the disruptive force in UK banking.
3. Worldpay by FIS (1%)
FIS acquired the global payments leader Worldpay in 2019. After this transformative combination, the company keeps helping businesses and communities thrive by advancing how the world pays, banks and invests.
4. Monzo Bank (13%)
Monzo Bank was one of the earliest of a number of new app-based challenger banks in the UK. The company’s mission is to make money work for everyone. As of July 2022, the neobank had over 5.8 million customers.
5. Mastercard (18%)
Mastercard is a global technology company in the payments industry, recognised as the second-largest payment-processing corporation worldwide. The company’s mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible.
6. Starling Bank (29%)
Starling Bank is a British neobank, providing current and business bank accounts in the United Kingdom. With the vision of providing fast technology, fair service and honest values, the challenger bank has over 3 million accounts and offers 4 account types to its customers.
7. American Express (%6)
American Express is a multinational financial services corporation specializing in payment cards. Headquartered in New York City, the company is one of the most valuable companies in the world and one of the 30 components of the Dow Jones Industrial Average.
8. Revolut (12%)
In 2015, Revolut launched in the UK, offering money transfer and exchange. Today, the company has 25 million customers worldwide using dozens of Revolut’s innovative products to make more than 250 million monthly transactions.
9. Wise (37%)
Wise is a global technology company, building the best way to move money around the world. With the Wise account, people and businesses can hold over 50 currencies, move money between countries and spend money abroad.
10. Checkout.com (2%)
Checkout.com is a global payments solution provider that helps businesses and their communities thrive in the digital economy. The company offers innovative solutions that flex to your needs and valuable insights that help you get smart about your payments’ performance.
Among these new hires, compliance roles are the professions with the highest demand for Monzo and Staling Bank. For Virgin Money, they stand out as service roles such as host, banking associate and store manager. The rest of the companies mentioned above hired most in software engineering and commercial roles.
The diversity split for gender equality is very healthy across the UK Fintech ecosystem. The gender distribution among these new hires is 52% male and 48% female. Also the average tenure across these top 10 companies is 3.5 years.
Regardless of the recent fall in investments, these companies are still hiring and the fintech industry keeps growing. If you want more hiring insights, follow us on LinkedIn and subscribe to our weekly newsletter!
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