• TRENDING
  • Market
  • Business
  • Finance
  • Press Release
  • Retirement
  • Technology
  • Insights
  • Latest News
  • Save Money
  • Blockchain

Daily Invest Hub

SUBSCRIBE
  • Business
    BusinessShow More
    millionaire-migrations:-where-millionaires-are-moving-globally
    Millionaire Migrations: Where Millionaires Are Moving Globally
    July 4, 2025
    the-dumbbell-investing-strategy:-balancing-risk-and-safety
    The Dumbbell Investing Strategy: Balancing Risk and Safety
    July 2, 2025
    en-suite-bathrooms:-the-secret-to-the-perfect-guest-ready-home
    En Suite Bathrooms: The Secret to The Perfect Guest-Ready Home
    June 30, 2025
    why-i’ll-never-manage-money-for-anyone-for-free-again
    Why I’ll Never Manage Money for Anyone for Free Again
    June 27, 2025
    sleep-in,-stay-broke:-wake-up-earlier-for-financial-success
    Sleep In, Stay Broke: Wake Up Earlier for Financial Success
    June 25, 2025
  • Finance
    FinanceShow More
    retirement-savings-waterfall:-in-what-order-to-make-your-savings-contributions
    Retirement Savings Waterfall: In What Order to Make Your Savings Contributions
    June 25, 2025
    summer-reading-programs-for-kids-2025
    Summer Reading Programs for Kids 2025
    June 10, 2025
    why-saving-the-first-$10,000-is-critical
    Why Saving The First $10,000 Is Critical
    June 9, 2025
    major-banks-with-atm-fee-reimbursement
    Major Banks with ATM Fee Reimbursement
    June 3, 2025
    don’t-die-without-doing-these-10-things-first
    Don’t Die Without Doing These 10 Things First
    June 2, 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
    cardano-and-ozak-ai-price-forecast:-layer-1-power-vs.-ai-hype—who-wins-in-2025?
    Cardano and Ozak AI Price Forecast: Layer-1 Power vs. AI Hype—Who Wins in 2025?
    July 6, 2025
    the-hidden-tech-behind-every-successful-home-move
    The Hidden Tech Behind Every Successful Home Move
    July 5, 2025
    how-free-ai-background-changing-software-can-revitalize-your-images
    How Free AI Background Changing Software Can Revitalize Your Images
    July 4, 2025
    custom-software-development:-a-strategic-investment-for-business-growth
    Custom Software Development: A Strategic Investment for Business Growth
    July 3, 2025
    iotex-celebrates-winners-of-the-first-ever-crypto’s-got-talent-awards-at-ethcc
    IoTeX Celebrates Winners of the First-Ever Crypto’s Got Talent Awards at EthCC
    July 2, 2025
  • Privacy Policy
Reading: Revolut Warns London’s Fintech Hub Status at Risk
Share
  • TRENDING
  • Market
  • Business
  • Finance
  • Press Release
  • Retirement
  • Technology
  • Insights
  • Latest News
  • Save Money
  • Blockchain

Daily Invest Hub

SUBSCRIBE
  • Business
    BusinessShow More
    millionaire-migrations:-where-millionaires-are-moving-globally
    Millionaire Migrations: Where Millionaires Are Moving Globally
    July 4, 2025
    the-dumbbell-investing-strategy:-balancing-risk-and-safety
    The Dumbbell Investing Strategy: Balancing Risk and Safety
    July 2, 2025
    en-suite-bathrooms:-the-secret-to-the-perfect-guest-ready-home
    En Suite Bathrooms: The Secret to The Perfect Guest-Ready Home
    June 30, 2025
    why-i’ll-never-manage-money-for-anyone-for-free-again
    Why I’ll Never Manage Money for Anyone for Free Again
    June 27, 2025
    sleep-in,-stay-broke:-wake-up-earlier-for-financial-success
    Sleep In, Stay Broke: Wake Up Earlier for Financial Success
    June 25, 2025
  • Finance
    FinanceShow More
    retirement-savings-waterfall:-in-what-order-to-make-your-savings-contributions
    Retirement Savings Waterfall: In What Order to Make Your Savings Contributions
    June 25, 2025
    summer-reading-programs-for-kids-2025
    Summer Reading Programs for Kids 2025
    June 10, 2025
    why-saving-the-first-$10,000-is-critical
    Why Saving The First $10,000 Is Critical
    June 9, 2025
    major-banks-with-atm-fee-reimbursement
    Major Banks with ATM Fee Reimbursement
    June 3, 2025
    don’t-die-without-doing-these-10-things-first
    Don’t Die Without Doing These 10 Things First
    June 2, 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
    cardano-and-ozak-ai-price-forecast:-layer-1-power-vs.-ai-hype—who-wins-in-2025?
    Cardano and Ozak AI Price Forecast: Layer-1 Power vs. AI Hype—Who Wins in 2025?
    July 6, 2025
    the-hidden-tech-behind-every-successful-home-move
    The Hidden Tech Behind Every Successful Home Move
    July 5, 2025
    how-free-ai-background-changing-software-can-revitalize-your-images
    How Free AI Background Changing Software Can Revitalize Your Images
    July 4, 2025
    custom-software-development:-a-strategic-investment-for-business-growth
    Custom Software Development: A Strategic Investment for Business Growth
    July 3, 2025
    iotex-celebrates-winners-of-the-first-ever-crypto’s-got-talent-awards-at-ethcc
    IoTeX Celebrates Winners of the First-Ever Crypto’s Got Talent Awards at EthCC
    July 2, 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

last-chance-before-fomo:-knch-hits-bitmart,-lbank-&-xt-today—early-traders-could-see-massive-gains
Market

Last Chance Before FOMO: KNCH Hits BitMart, LBank & XT Today—Early Traders Could See Massive Gains

June 30, 2025
accepting-a-preemptive-offer-vs.-listing-on-the-open-market
Business

Accepting A Preemptive Offer vs. Listing On The Open Market

May 21, 2025
webull-review:-a-free-investing-app-for-experienced-investors
Finance

Webull Review: A Free Investing App for Experienced Investors

April 7, 2025
the-precarious-life-of-dual-unemployed-parents-(dups)
Business

The Precarious Life of Dual Unemployed Parents (DUPs)

April 11, 2025
designing-better-rooms:-leadership-framework-for-a-time-of-structural-change
Market

Designing Better Rooms: Leadership Framework for a Time of Structural Change

June 8, 2025
she-ignored-ada-in-2021—now-she-calls-kaanch-her-redemption-play-for-10,000%-roi
Market

She Ignored ADA in 2021—Now She Calls Kaanch Her Redemption Play for 10,000% ROI

June 26, 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?