BusinessCloud can reveal its FinTech 50 innovation ranking for 2021.
Readers of the online technology publication and an independent judging panel have together decided the 50 companies blazing a technology trail in finance.
The FinTech 50 celebrates businesses of all sizes creating original tech for banking, payments and the financial industry.
BCRemit, a disruptive online money transfer platform based in Hounslow, tops the ranking.
In second spot is Kani Payments, a SaaS platform for financial services businesses based in Newcastle.
Live since October 2018, Kani has reconciled over €5 billion in transactional payments data for its customers in the payments and FinTech space.
Holborn-headquartered Ordo, a company behind real-time bank transfers and invoice tracking, was third.
Ordo takes the hassle out of collecting payments via its encrypted request-for-payment service, resulting in reduced costs, immediate money transfer, automatically reconciled payments and improved invoice security.
Tumelo (Bristol) and One Utility Bill (Newcastle) also makes the top five.
BankiFi, based in Manchester, is sixth. The company’s technology platform aims to put banks at the heart of business by adding FinTech capability and versatility – including accounting, invoicing and payments – to the traditional players’ list of services.
It also offers a standalone app in partnership with The Co-Operative Bank – Incomeing – which startups can use directly.
Norwich-headquartered Snoop, which is also based in London, is seventh.
Snoop, led by former Virgin Money CEO Dame Jayne-Anne Gadhia, helps people spend, save and live smarter through data-driven, personalised money-saving suggestions known as ‘Snoops’.
Wealth Wizards, based in Leamington Spa, was founded in 2009 with the aim of making expert financial advice affordable and accessible to everyone.
Another featured business, Penarth-based Wealthify, is a digital investing service on a mission to make investing easy to understand and accessible to all.
The ranking in full:
FinTech 50 – UK’s most innovative financial technology creators for 2021
BusinessCloud called on its readers to vote for companies from the 176-strong shortlist and saw around 2,300 votes pour in.
A combination of these votes and choices from an independent judging panel determined the top 50.
Our InsurTech 50 and RegTech 50 rankings were decided alongside the FinTech 50 and celebrate businesses creating tech for the insurance industry and compliance respectively.
The judging panel for the rankings was comprised of:
- Victoria Roberts, director of Fintech Delivery Panel and Insurtech Board, Tech Nation
- Gavin Brown, senior lecturer in financial technology, University of Liverpool
- Dawn Dunn, cluster manager for FinTech/data, Dynamo
- Julian Wells, director, Whitecap Consulting
- Jonathan Symcox, editor, BusinessCloud