Britain’s fintech crown is slipping

b' Fintech illo ' Revolut’s pledge to invest £3bn in Britain last month was hailed by Rachel Reeves as a step-change for Labour’s growth mission. After years of excitement around a flurry of start-ups, it appeared London finally had an established fintech giant of its own, opening a new headquarters in Canary Wharf with a pledge to create 1,000 UK jobs. Yet, while Revolut’s meteoric rise is undoubtedly impressive, the company’s success has come at a time when London’s grip on the global fintech sector ...