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Media & Events > Industry News > Industry research shows Greater Manchester has the UK’s largest regional FinTech ecosystem2 April 2020
Categories: Banking and Financial Services
Key Findings
39 FinTech companies in the Greater Manchester ecosystem
Almost half (49%) are scale-ups – the largest number of all the regional FinTech ecosystems Whitecap has researched to date
In total there are 109 firms active in the FinTech ecosystem including established financial organisations and tech companies as well as start-ups and scale-ups
Almost 8,000 people work in FinTech roles in Greater Manchester, more than any other region researched by Whitecap to date
The report highlights a wide range of other organisations that support the city region’s FinTech industry including public and private sectors as well as academic institutions
“We are pleased to present our initial assessment of the Greater Manchester FinTech Ecosystem, the fourth regional FinTech ecosystem report that we have published in recent months. This report paints a positive picture of a region with strong financial and digital sectors, as well as a higher volume of FinTech startups and scaleups than any other region outside London that we have researched to date.
These firms are supported by an ever-growing number of coworking spaces which are facilitating connection and collaboration between startups, scaleups, established organisations and other stakeholders. FinTech provides a material economic growth opportunity for the UK, the North, and for the Greater Manchester region.”
“Being home to the UK’s largest regional banking and financial services industry, as well as one of Europe’s largest digital and technology clusters, Greater Manchester has developed a strong reputation as the FinTech capital of the North; and on behalf of Greater Manchester, MIDAS is delighted to support this pioneering research into the city region’s FinTech industry.
Thank you to Whitecap Consulting for leading on this important piece of research, which demonstrates there is huge growth potential for the FinTech industry in Greater Manchester and across the UK.”
“Mapping the entire FinTech ecosystem is an important exercise in order to get a better understanding of the variety and size of the FinTech sector in and around Manchester and to identify the needs and potential for further growth and investment. Being part of the city’s vibrant innovation and R&D cluster, we are aiming to establish Alliance Manchester Business School and The University of Manchester as a FinTech research and teaching powerhouse internationally.”
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