• TRENDING
  • Market
  • Business
  • Finance
  • Press Release
  • Retirement
  • Latest News
  • Cryptocurrency
  • Technology
  • Business news
  • Blockchain

Daily Invest Hub

SUBSCRIBE
  • Business
    BusinessShow More
    Spending Money to Save Time Is the Best Use of Funds
    October 17, 2025
    vacations-just-aren
    Vacations Just Aren
    October 15, 2025
    it-feels-like-1999-again:-time-to-party-without-blacking-out
    It Feels Like 1999 Again: Time To Party Without Blacking Out
    October 13, 2025
    the-cost-to-prove-your-ethnicity-and-heritage:-hawaiian-edition
    The Cost To Prove Your Ethnicity And Heritage: Hawaiian Edition
    October 10, 2025
    the-main-way-to-save-your-children-from-ai-is-to-invest-in-ai
    The Main Way To Save Your Children From AI Is To Invest In AI
    October 8, 2025
  • Finance
    FinanceShow More
    what-states-collect-sales-tax-when-buying-costco-gold
    What States Collect Sales Tax When Buying Costco Gold
    October 8, 2025
    pfs-buyer-club-deal-review:-make-a-profit-as-a-coin-buyer
    PFS Buyer Club Deal Review: Make a Profit as a Coin Buyer
    October 6, 2025
    how-to-skip-the-tsa-security-lines-for-free
    How to Skip the TSA Security Lines for Free
    September 22, 2025
    cardpointers-app-review-2025:-maximize-your-credit-card-rewards
    CardPointers App Review 2025: Maximize Your Credit Card Rewards
    August 19, 2025
    over-roth-ira-income-limits?-4-ways-you-can-still-contribute
    Over Roth IRA Income Limits? 4 Ways You Can Still Contribute
    August 11, 2025
  • Insights
    InsightsShow More
    looking-for-a-financial-advisor-in-voorhees,-new-jersey?
    Looking for a Financial Advisor in Voorhees, New Jersey?
    April 10, 2025
    3-simple-ways-to-boost-your-retirement-budget
    3 Simple Ways to Boost Your Retirement Budget
    April 10, 2025
    how-much-do-authors-make?-a-deep-dive-into-author-earnings
    How Much Do Authors Make? A Deep Dive Into Author Earnings
    April 5, 2025
    your-amgen-benefits-&-career:-financial-planning-for-employees-and-executives
    Your Amgen Benefits & Career: Financial Planning for Employees and Executives
    April 5, 2025
    your-amgen-benefits-&-career:-financial-planning-for-employees-and-executives
    Your Amgen Benefits & Career: Financial Planning for Employees and Executives
    April 5, 2025
  • Market
    MarketShow More
    the-future-of-mobile-gaming:-automation-and-ai-in-last-war:-survival
    The Future of Mobile Gaming: Automation and AI in Last War: Survival
    October 18, 2025
    October’s Bullish Cryptos: Ethereum Jumps to $4,100, Hedera Eyes Breakout, BlockDAG’s Presale Surges Past $425M!
    October 17, 2025
    Solana Price Prediction: Expected to Rise Above $400 – Blazpay Takes Center Stage with AI Crypto Presale 
    October 16, 2025
    pro-visionary-sets-new-standards-for-professional-wealth-services
    Pro Visionary Sets New Standards for Professional Wealth Services
    October 15, 2025
    zero-knowledge-proof-(zkp)-unlocks-enterprise-grade-privacy-and-compliance:-whitelist-coming-soon
    Zero Knowledge Proof (ZKP) Unlocks Enterprise Grade Privacy and Compliance: Whitelist Coming Soon
    October 14, 2025
  • Privacy Policy
Reading: Revolut Warns London’s Fintech Hub Status at Risk
Share
  • TRENDING
  • Market
  • Business
  • Finance
  • Press Release
  • Retirement
  • Latest News
  • Cryptocurrency
  • Technology
  • Business news
  • Blockchain

Daily Invest Hub

SUBSCRIBE
  • Business
    BusinessShow More
    Spending Money to Save Time Is the Best Use of Funds
    October 17, 2025
    vacations-just-aren
    Vacations Just Aren
    October 15, 2025
    it-feels-like-1999-again:-time-to-party-without-blacking-out
    It Feels Like 1999 Again: Time To Party Without Blacking Out
    October 13, 2025
    the-cost-to-prove-your-ethnicity-and-heritage:-hawaiian-edition
    The Cost To Prove Your Ethnicity And Heritage: Hawaiian Edition
    October 10, 2025
    the-main-way-to-save-your-children-from-ai-is-to-invest-in-ai
    The Main Way To Save Your Children From AI Is To Invest In AI
    October 8, 2025
  • Finance
    FinanceShow More
    what-states-collect-sales-tax-when-buying-costco-gold
    What States Collect Sales Tax When Buying Costco Gold
    October 8, 2025
    pfs-buyer-club-deal-review:-make-a-profit-as-a-coin-buyer
    PFS Buyer Club Deal Review: Make a Profit as a Coin Buyer
    October 6, 2025
    how-to-skip-the-tsa-security-lines-for-free
    How to Skip the TSA Security Lines for Free
    September 22, 2025
    cardpointers-app-review-2025:-maximize-your-credit-card-rewards
    CardPointers App Review 2025: Maximize Your Credit Card Rewards
    August 19, 2025
    over-roth-ira-income-limits?-4-ways-you-can-still-contribute
    Over Roth IRA Income Limits? 4 Ways You Can Still Contribute
    August 11, 2025
  • Insights
    InsightsShow More
    looking-for-a-financial-advisor-in-voorhees,-new-jersey?
    Looking for a Financial Advisor in Voorhees, New Jersey?
    April 10, 2025
    3-simple-ways-to-boost-your-retirement-budget
    3 Simple Ways to Boost Your Retirement Budget
    April 10, 2025
    how-much-do-authors-make?-a-deep-dive-into-author-earnings
    How Much Do Authors Make? A Deep Dive Into Author Earnings
    April 5, 2025
    your-amgen-benefits-&-career:-financial-planning-for-employees-and-executives
    Your Amgen Benefits & Career: Financial Planning for Employees and Executives
    April 5, 2025
    your-amgen-benefits-&-career:-financial-planning-for-employees-and-executives
    Your Amgen Benefits & Career: Financial Planning for Employees and Executives
    April 5, 2025
  • Market
    MarketShow More
    the-future-of-mobile-gaming:-automation-and-ai-in-last-war:-survival
    The Future of Mobile Gaming: Automation and AI in Last War: Survival
    October 18, 2025
    October’s Bullish Cryptos: Ethereum Jumps to $4,100, Hedera Eyes Breakout, BlockDAG’s Presale Surges Past $425M!
    October 17, 2025
    Solana Price Prediction: Expected to Rise Above $400 – Blazpay Takes Center Stage with AI Crypto Presale 
    October 16, 2025
    pro-visionary-sets-new-standards-for-professional-wealth-services
    Pro Visionary Sets New Standards for Professional Wealth Services
    October 15, 2025
    zero-knowledge-proof-(zkp)-unlocks-enterprise-grade-privacy-and-compliance:-whitelist-coming-soon
    Zero Knowledge Proof (ZKP) Unlocks Enterprise Grade Privacy and Compliance: Whitelist Coming Soon
    October 14, 2025
  • Privacy Policy
Reading: Revolut Warns London’s Fintech Hub Status at Risk
Share
Search
  • Business
  • Finance
  • Insights
  • Market
  • Privacy Policy
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Daily Invest Hub > Blog > Insights > Revolut Warns London’s Fintech Hub Status at Risk
Insights

Revolut Warns London’s Fintech Hub Status at Risk

Pat Crawley
Last updated: March 6, 2024 8:59 am
Pat Crawley
Share
7 Min Read
revolut-warns-london’s-fintech-hub-status-at-risk
SHARE

The new UK boss of Revolut Ltd., Francesca Carlesi, has warned that London’s position as a global fintech hub is at risk due to increased competition from cities like Paris and New York.

Revolut Boss Calls for Action to Secure London’s Position as Global Fintech Hub

Since the financial crisis, London has been a leader in digital bank launches, but Carlesi believes that “something has shifted in the last two or three years.” To fight that, Carlesi, who became a part of Revolut in December, has joined a new Innovative Finance’s “Unicorn Council” of the UK’s largest fintechs to push the government on startup -friendly policies.

Recent studies conducted by Tracxn have revealed that London’s status as a fintech hub is under threat. The 2023 summary of fintech startup financing showed that the UK, among other locations, experienced one of the most significant drops in investment activity. Fintech financing in the country fell 63% to $4.2 billion, compared to $11.2 billion reported in 2022.

Although the UK remained in second place after the USA in terms of fintech funding, this continues the downturn that began in 2022. At that time, according to data from Innovative Finance, total global fintech funding had decreased 30% to $95 billion.

“The drop in global and UK FinTech investment is an expected result of the current economic landscape,” Janine Hirt, the CEO of Innovate Finance, stated. Hirt added that they remain committed to supporting the FinTech ecosystem.

fintech

Revolut Eyes London for IPO

Despite the Co-Founder’s, Nik Storonsky, complaints about British regulations and the current slump in fintech activity, Carlesi suggests that London remains on Revolut’s radar for a potential initial public offering. Revolut, valued at $33 billion, is in 38 countries and has 1,200 employees in the UK, its main market.

Carlesi’s focus at Revolut is addressing a string of issues, including simplifying its share structure and dealing with problems raised by its auditor’s warning that it could not verify the majority of the 2021 revenues. Moreover, the 2022 report was published with a huge delay.

Revolut has faced challenges in obtaining a UK banking license, but Carlesi remains optimistic, stating that the firm is “determined to do the hard work to get there.” She further emphasizes the company’s “superpower” in artificial intelligence and machine learning, which it is deploying to fight fraud and help others in the sector.

Carlesi believes that Revolut has the potential to become a global leader in the fintech sector, setting itself apart from traditional banks by offering a global platform with specific services in each country.

The new UK boss of Revolut Ltd., Francesca Carlesi, has warned that London’s position as a global fintech hub is at risk due to increased competition from cities like Paris and New York.

Revolut Boss Calls for Action to Secure London’s Position as Global Fintech Hub

Since the financial crisis, London has been a leader in digital bank launches, but Carlesi believes that “something has shifted in the last two or three years.” To fight that, Carlesi, who became a part of Revolut in December, has joined a new Innovative Finance’s “Unicorn Council” of the UK’s largest fintechs to push the government on startup -friendly policies.

Recent studies conducted by Tracxn have revealed that London’s status as a fintech hub is under threat. The 2023 summary of fintech startup financing showed that the UK, among other locations, experienced one of the most significant drops in investment activity. Fintech financing in the country fell 63% to $4.2 billion, compared to $11.2 billion reported in 2022.

Although the UK remained in second place after the USA in terms of fintech funding, this continues the downturn that began in 2022. At that time, according to data from Innovative Finance, total global fintech funding had decreased 30% to $95 billion.

“The drop in global and UK FinTech investment is an expected result of the current economic landscape,” Janine Hirt, the CEO of Innovate Finance, stated. Hirt added that they remain committed to supporting the FinTech ecosystem.

fintech

Revolut Eyes London for IPO

Despite the Co-Founder’s, Nik Storonsky, complaints about British regulations and the current slump in fintech activity, Carlesi suggests that London remains on Revolut’s radar for a potential initial public offering. Revolut, valued at $33 billion, is in 38 countries and has 1,200 employees in the UK, its main market.

Carlesi’s focus at Revolut is addressing a string of issues, including simplifying its share structure and dealing with problems raised by its auditor’s warning that it could not verify the majority of the 2021 revenues. Moreover, the 2022 report was published with a huge delay.

Revolut has faced challenges in obtaining a UK banking license, but Carlesi remains optimistic, stating that the firm is “determined to do the hard work to get there.” She further emphasizes the company’s “superpower” in artificial intelligence and machine learning, which it is deploying to fight fraud and help others in the sector.

Carlesi believes that Revolut has the potential to become a global leader in the fintech sector, setting itself apart from traditional banks by offering a global platform with specific services in each country.

You Might Also Like

Looking for a Financial Advisor in Voorhees, New Jersey?

3 Simple Ways to Boost Your Retirement Budget

How Much Do Authors Make? A Deep Dive Into Author Earnings

Your Amgen Benefits & Career: Financial Planning for Employees and Executives

Your Amgen Benefits & Career: Financial Planning for Employees and Executives

TAGGED:FinTechlondonrevolutThe UK
Share This Article
Facebook Twitter Email Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New Releases

- Advertisement -
Ad image

Trending Stories

my-bear-market-investment-game-plan:-adjusting-the-strategy
Business

My Bear Market Investment Game Plan: Adjusting the Strategy

April 9, 2025
how-cultural-differences-can-hurt-your-chances-in-the-workplace
Business

How Cultural Differences Can Hurt Your Chances In The Workplace

July 28, 2025
what-a-recession-is-like-for-early-retirees:-the-good-and-bad
Business

What A Recession Is Like For Early Retirees: The Good And Bad

May 2, 2025
managing-efficiently-bill-of-materials-to-produce-a-product
Market

Managing Efficiently Bill of Materials to Produce a Product

April 21, 2025

Only 4 Days Left for BlockDAG’s 100% Unlock Coin Opportunity, Kaspa Positioned for 10x & PEPE on Track for 75% Gain

July 21, 2025

The Cost To Remodel A Rundown Two-Bedroom In-Law Unit

July 25, 2025

Terms & Conditions

The following Terms and Conditions govern the use of Daily Invest Hub and are in place to protect everyone who uses the website. 24-bit Agency owner of Daily Invest Hub has the right to revise and update these Terms and Conditions at any time without prior notification; therefore, you should visit this page periodically to review these Terms of Use including the Terms of Use and Privacy Policy of our owner 24-bit Agency.

Daily Invest Hub

2024 © Proudly powered by 24-bit Agency. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?