BusinessCloud can reveal its FinTech 50 innovation ranking for 2023. 

Our readers and an expert 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 payments and the financial industry.

Collctiv, a group payments app, tops the ranking. It helps group organisers collect money for activities and large gifts through simplifying the money collection and payment process, by enabling them to send just one link and receive payments in less than 5 seconds – regardless of the banking or payments platform their group uses.

InfinitX, AccessPay, Frost and wi-Q complete the top five.

Blackbullion, which partners with universities to provide digital financial education to students, breaks into the top 20. More than 700,000 students can currently access personal finance courses and university funding through the platform.

The ranking also features Modulr, which has grown to become the leading provider of embedded payments to organisations across the UK and Europe. It enables hundreds of enterprise customers and thousands of SME customers to embed account creation, payment out, reconciliation of payment in, card issuing and other features.

Another innovative company making the ranking is Cleo, an AI assistant dedicated to personal finance. Described as ‘a platform for the 99%’, it goes beyond saving and budgets to actually change how the majority of people feel about their finances. Its humorous chatbot has helped seven million people improve their relationship with money.

The FinTech 50 ranking is supported by Tyto, the European PR and communications agency at the intersection of technology, science and innovation. Tyto managing director Nick Taylor said: “The FinTech 50 list tells the story of remarkable innovation within the UK’s financial technology sector.

“It’s a testament to a vibrant ecosystem that fosters cutting-edge solutions and genuinely innovative business models. With so many industry leaders in both B2B and B2C, the UK’s FinTech sector should be proud of the quality of companies on this list.”

The ranking in full:

FinTech 50 – UK’s most innovative financial tech creators for 2023

BusinessCloud called on its readers to vote for companies from the 173-strong shortlist and saw around 1,200 votes pour in.   

A combination of these votes and choices from an expert 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:  

• Janine Hirt, CEO, Innovate Finance
• Andy Thornley, head of financial services, techUK
• Paddy Goodlet, corporate finance – head of FinTech M&A, KPMG UK
• David Brear, CEO, 11:FS
• Joe Roche, engagement manager, FinTech North
• Nick Taylor, managing director, Tyto
• Jonathan Symcox, editor, BusinessCloud