This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
Welcome to Reed Smith's viewpoints — timely commentary from our lawyers on topics relevant to your business and wider industry. Browse to see the latest news and subscribe to receive updates on topics that matter to you, directly to your mailbox.
| less than a minute read

Profit from the UK Fintech boom

UK FinTech investment is booming!  Read my thoughts on the success of the sector in the FT's Investors' Chronicle this morning.

The success of established fintech companies show the investor appetite for more. UK challenger bank Revolut achieved a valuation of $33bn (£24bn) in its latest funding round to become the country's most valuable fintech company. That’s a similar market capitalisation to Natwest (NWG), which had revenues of over £10bn last year, compared with £222m for the startup bank.  However, Howard Womersley Smith, partner at law firm Reed Smith said investment in UK fintech had been too low in recent years and a splurge would lead to more success stories. Banks in particular have been too slow and are insufficiently agile to build their own fintech...   But not all fintech firms have left investors flush. Last summer Revolut rival Monzo completed a funding round at a 40 per cent discount to its previous valuation of £2bn in June 2019


fintech, emerging technologies