Fintech

THIS IS FINTECH. THIS IS WALES.

Wales is home to a flourishing technology ecosystem.

INDUSTRY OVERVIEW

2021-22 saw over a thousand jobs created by FinTechs in Wales. Some key contributors to these numbers include significant recruitment by the likes of Sonovate, Delio, Pepper Money, Wealthify, Credas and Principality Building Society. We’ve also seen a number of London-based challenger banks scaling in Wales. Starling Bank doubled its headcount in Cardiff, employing nearly 900 people across various business areas including financial crime, engineering, customer service and data science. FinTech Wales’ accelerator programme, the Foundry, continues to make a significant impact on developing jobs within our ecosystem with their cohorts creating over 100 jobs during the last year. The Foundry is also a significant factor in attracting international companies from all over the world to develop in Wales; Yacooba, Tropogo and FinalRentals being recent examples of this.

Discover opportunities in this sector

Case Studies

Sorodo

Sorodo provides a suite of online platform-based financial services ranging from business funding to merchant cash advances and invoice factoring. And its rapid rise has a lot to do with the knowledge and expertise already embedded in the area.

Topics:

North Wales

Fintech

Starling Bank

Flying High

Since it took flight in 2014, Starling Bank has caused quite a murmuration in the banking community. Now the UK’s fastest-growing bank is tapping into the talent of Wales’s Fintech sector.