Quick view FinTech, shared by Oomph! Recruitment, courtesy of our partner Sonovate contact@oomphrecruitment.com

1. FinTechSonovate QuickView Series #1

2. For more information get in touch on 020 7112 4949 or visit sonovate.com
The Situation
As the digital revolution
drives change through
global industries, the UK has
positioned itself as a hub for
some of the world’s most
innovative and exciting tech
companies to operate in. In
2014, companies operating
in the UK tech sector
received a record £1.4bn in
venture capital funding.
The significance of the investment is
reflected in the growth of startups, their
contribution to the economy and their
impact on the jobs market. In 2014 over
8,500 startups operated across the UK in
thriving tech clusters. With particular
emphasis on FinTech and ecommerce, the
sector is driving serious growth,
contributing around £72bn to the UK
economy (5% of the UK total).
With continued investment pouring into
the UK, a government led policy to make
London the ‘tech capital of the world’ and
evidence of blossoming tech hubs in
Sheffield, Leeds and Manchester, the tech
sector is one of the hottest markets for
recruiters to operate in.
£1.4bnUKTechSectorVentureCapitalFunding
£72bn
TotalUK
Economy
TechSectorContribution
toUKEconomy
5%
261
333
253
504
161
351
413
522
433
3849
1283
261
UK Startups

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FinTech
A contraction of ‘financial’ and
‘technology’ FinTech is the term
used for any technology applied
to financial services;
encompassing payments and
transactions, trading, peer to
peer lending, crowdfunding,
retail banking, digital and
alternative currencies and
financial advisory services.
The UK’s FinTech market is
currently worth £20bn in
annual revenue and the
inaugural companies from the
government-backed Future
Fifty scheme together
generated around £2.1bn in
revenue in 2014, with an
average growth of over 60 per
cent. The four firms which listed
on the London stock market
have a combined value of
£3.7bn.
FinTech
Revolution
The global financial crisis is
credited in large part with the
development of FinTech. Public
distrust with the ‘establishment’
coupled with growth in
consumer take-up of online
transactions provided an
excellent platform for FinTechs
to leverage the power of the
internet to provide faster,
cheaper and more innovative
solutions.
London Calling
In a city where one of the
world’s largest financial centres
is a stones throw away from a
thriving startup technology
community, London has the
ideal conditions for fintech
innovation.
Rivalling New York in terms of
professionals employed and
global influence, London’s
booming FinTech sector went
from strength to strength in
2014, receiving a record
£342.6m venture capital
investments and triple the
amount raised in 2013.
In 2014, companies operating
in the UK tech sector
received a record £1.4bn in
venture capital funding.
As the digital revolution
drives change through
global industries, the UK has
positioned itself as a hub for
some of the world’s most
innovative and exciting tech
companies to operate in.
WORKERS
PERCITYLondon: 44,000
NewYork: 42,000
SanFrancisco:11,000
£20bnUKFinTechMarket
AnnualRevenue
LondonFinTech
VentureCapital
Investments
2013
2014
£343M
£114M

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Payments
Largest micro sector
Dominated by well established and large
players such as Transferwise, GoCardless,
Pingit, Braintree and Square
Based on the level of innovation and scale it
is broadly spilt into infrastructure and online
segments
Size: £10bn (£8.1bn Infrastructure, £1.9bn
Online)
Financial and data analytics
Businesses in this microsector collect a
diverse range of financial data on
individuals, corporates and particular
market activities (e.g. trading)
Grouped based on type of data into:
Credit reference £1bn
Capital markets £2.2bn
Insurance and data analytics £0.6bn
Financial Software
Microsector dominated by large
international tech companies and are mostly
headquartered outside the UK
Offer a range of solutions to financial
institutions including:
Risk management
Payments software
Core banking, insurance, asset management
and capital market software
Accounting software
Size: £4.2bn
Platforms
Microsector varies significantly depending
on the market segment and includes:
Peer-to-peer platforms
Trading platforms
Personal wealth platforms
Aggregators
Size: £2bn
Immediate Future
According to research group CB Insights for London &
Partners, UK tech companies attracted £1.4bn in
venture capital funding, (£0.9bn into London
companies) over the last 12 months. This is twice as
high as last year and 20 times higher than in 2010. The
huge increase reflects a shifting sentiment among
investors, who are now choosing to spread their
technology investments beyond Silicon Valley.
With the increasing shift towards digitalisation of
major services in finance and across the wider
economy the rise of fintech has opened up a world of
possibilities. Businesses can offer more services than
ever and for a fraction of the price of what it would
have cost before. Driven by the UK government to
make London the global fintech centre and with
evidence of blossoming tech hubs in Sheffield, Leeds
and Manchester, the tech sector offers great
opportunities for recruitment businesses to play a
pivotal role in the growth.
Sizing the UK FinTech Market
In 2014, the UK Fintech sector generated £20bn in revenue annually.
Broken down into four microsectors, this is the key information you
need to know.

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FinTech Funding Growth
Startups will map out hires as they move through
the financing stages. Typically, as shown in the
graphic, there is a startup phase - typically
self-funded and then rounds of financing,
leading to an IPO or sale of the business.
Recruiters should seek to network with the
startups at an early stage, so they understand
the business plan and are in prime position to
support their hiring during phases of growth.
Maintaining close ties will enable the recruiter to
resource skilled professionals to join the startup
when funding is achieved.
Networking FinTech Businesses
Some of the best networking events to check out
include:
FinTech 50 2015
Startupbootcamp FinTech London Accelerator
FinTech Week
Finovate Europe
The Reference Shelf
London: Digital City on The Rise
Telegraph - UK High Growth Companies Increase by 30pc
TechcityUK
Banking Exchange
Future Fifty
Adzuna
City AM
EY Foundation - Landscaping UK FinTech
StartupFinancingCycle
Revenue
Time
JobsGrowth
Startup IPO
Angels,
FFFSeed
Capital
VCs,Aqusitions&Mergers
&StrategicAlliances
RevenueGrowth
IT
CTO
IT Director
Technical Analyst
Developer (Java, Golang,
LAMP, Javascript, Python)
Front-End Developer
Senior JavaScript Engineer
Finance
Finance Director
Finance Manager
Operations Manager
Sales
Account Manager
Business Development
Manager
Sales Executive
Business Analyst
Marketing
CMO
Marketing Director
Marketing Manager
Content Marketing Manager
Direct Marketing
Digital Marketing Manager
PR Manager
Press Officer
IT41%
Sales27%
PR,AdvertisingandMarketing12%
Accounting&Finance6%
Consultancy4%
Creative&Design4%
CustomerServices2%
Graduate2%
Admin2%
SpreadofJobs
WithinFinTech
Businesses
*Source: Adzuna

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FinTech 50
50 FinTechs you should be working with:
Adyen
Algomi
BehavioSec
Blockchain
BUX
Byhiras
Calastone
Commuter Club
Credit Benchmark
Crowdcube
Currency Cloud
Cybertill
Darwinex
Duedil
Earthport
Ebury
eToro
ETRONIKA
Fidor Group
Five Degrees
Fund Apps
Funding Circle
GoCardless
Guidants
Holvi
insly
Invoice Sharing
Ixaris
Klarna
Kreditech
LendInvest
Mambu
mBank with efigence
Merit Software
Nutmeg
OpenGamma
Osper
Parmenion Capital
Sonovate
Squirrel
Stockomendation
Sybenetix
Symetrics
Synerscope
Tink
TransferWise
Traxpay
Trunomi
Trustly
Wora Pay
Zooz
FinTech