A new report from Whitecap Consulting shows the FinTech sector in the Leeds City Region has experienced huge growth over the last three years, is now home to more than 100 FinTech firms, and is contributing more than £700m per year to the regional economy.

The report is published at a time when the financial sector in the region is thriving, buoyed the decisions of the Financial Conduct Authority, UK Infrastructure Bank and Bank of England to establish bases in Leeds. More than 100 FinTech firms have now been identified in the Leeds City Region, the vast majority of which are startups and scaleups, a segment which has trebled in number over the last 3 years. Core strengths are visible in payments, lending, financial regulation, wealth management, and banking.

The region is already home to more than 60 established national and international financial services organisations, all of which are active in FinTech, including numerous banks and lending firms, and 3 of the UK’s largest building societies. Leeds is also the only city outside London to be home to all 3 of the UK’s major credit reference agencies.

The new report is the result of a research project which was funded through sponsorship and support from organisations including: Leeds City Council, Leeds Building Society, LexisNexis Risk Solutions, Bruntwood SciTech, Cloud Gateway, Equiniti, University of Leeds, FinTech North and Leeds City Region Enterprise Partnership. It is the third report published by Whitecap on the Leeds City Region; the last was published early in 2020, just before the onset of the Covid pandemic.

The report can be downloaded via the links at the top of this page.