The Bristol & Bath region has one of the strongest FinTech ecosystems in the UK with a high number of fast-growing FinTech startups and scaleups, according to a new report from regional strategy consulting firm Whitecap Consulting.

This report is the first formal analysis of the FinTech ecosystem in the region and was supported and co-funded by a number of organisations in the South West, including FinTech WestBJSSClarke WillmottDAC BeachcroftHargreaves LansdownInvest Bristol & Bath (the inward investment arm of the West of England Combined Authority), TLT LLP, and University of the West of England (UWE). It also includes forewords from Innovate Finance and TheCityUK.

107 firms have been identified that are active in the FinTech sector in the Bristol & Bath region, including established financial sector organisations, tech companies, and early stage FinTech firms, including startups and scaleups. The report estimates there are over 3,400 people in FinTech related roles in the region, with 61,000 employed overall in Financial Services and Technology sectors. The FinTech startups and scaleups have an average age of three years old, lower than any other region Whitecap has researched to date.

See the attachment at the top of the page to download the report or visit the press release for more information on the publication here.