Conference celebrates new evidence showing London pre-eminent global fintech hub

  • London Stock Exchange hosts major Fintech investment conference
  • 35% increase in VC funding in 2015 for UK Fintech companies
  • Independent research confirms London as leading global Fintech hub
  • London IPO of Worldpay (£2.48bn / $3.81bn) was largest Fintech IPO ever globally by deal size and the largest Tech IPO of 2015 worldwide

The London Stock Exchange Fintech Investor Forum today brings together the chief executives of many of the UK and Europe’s largest and fastest growing Fintech companies. The event, formally opened by The Rt Hon Greg Hands MP, Chief Secretary to the Treasury, takes place in the same week as the UK Government’s ‘Fintech Week’, cementing the UK’s status as a leading global Fintech hub.

Key statistics highlight London’s leading global role: 

  • London IPO of Worldpay (£2.48bn / $3.81bn) was largest Fintech IPO ever globally by deal size and the largest Tech IPO of 2015 worldwide
  • London listing for Sophos Group (£405m/ $637m) largest cybersecurity IPO ever by deal size
  • In the last 2 years, Peer-to-Peer/Direct Lending Funds have raised £1.7bn in London including the Funding Circle SME Income Fund which raised £150m ($227m) in November
  • Private companies presenting at the Fintech Investor Forum have collectively raised $651m of equity since the start of 2014
  • Venture capital funding for UK Fintech companies increased 35% to $901m in 2015 (Innovate Finance - http://is.gd/ufX2vo)
  • London recognised by Ernst & Young research as the leading hub globally for Fintech (http://is.gd/POz7Yy)  

Nikhil Rathi, CEO, London Stock Exchange plc said:
“London is at the forefront of many of the world’s newest and high growth industries, producing the innovation that drives new, high quality job creation. The companies presenting today are testament that the right form of equity funding, private or public, allows businesses to grow rapidly. The support of Government and Tech City in creating an environment in which these companies can flourish has been of paramount importance and we will continue to actively support this burgeoning industry.”

Speaking at the event, the Rt Hon Greg Hands MP, Chief Secretary to the Treasury, said:
“The Government is extremely proud of UK’s role as a leading global Fintech hub and has a strong focus on supporting high growth companies in this innovative sector. UK Fintechs attracted £550 million in capital investment in 2015 and the Government is committed to building on this success and ensuring the UK provides the right environment to nurture businesses and boost technological innovation. London Stock Exchange plays a pivotal role in connecting companies with finance to support these innovative FinTech businesses grow, innovate and create jobs in the UK.”

Philippe Cerf, Managing Director, Credit Suisse said:
"Credit Suisse is delighted to be a sponsor and contributor to the LSE Fintech Investor Forum. As a global financial services firm with leading fintech advisory and equity distribution franchises, we see this innovative and fast-moving sector as increasingly important to both our corporate and investor clients. As the UK and European fintech universe matures, we look forward to continuing to partner with our clients and helping them on their respective paths within this exciting sector."

Indy Bhattacharyya, Head of UK IPO Origination at Peel Hunt said:
“The fintech space is a key sector which is highly relevant to the modern economy.  There are a broad range of fast-moving companies within the space which are disrupting  their own operating  environments and revolutionising the broader business landscape. The UK is at the forefront of this wave and has been fertile ground for the evolution of the sector. As a specialist  in UK financial markets, we see the pace of progress in our own business landscape but also recognise the relevance of these companies to the broad investor community.“

- Ends -

 

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Tom Gilbert

+44 (0)20 7797 1222
newsroom@lseg.com

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.

Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $10 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, and RNS.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH.Clearnet Group, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business; and globeSettle, the Group’s CSD based in Luxembourg.

LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.

Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.

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