Half of all UK fintech companies were founded in a single postcode district.
EC2 — the City of London. Roughly 2,400 fintech firms packed into a square mile that also contains some of the world’s oldest financial institutions. The irony is almost too neat.
But here’s what’s more interesting than the cluster itself: what happened right after 2020.
Company formations in fintech dropped sharply during the first lockdown — obvious enough. What wasn’t obvious is that the rebound didn’t happen in London. It happened in Leeds, Manchester, and Edinburgh. Between 2021 and 2023, fintech incorporations outside London grew at nearly double the rate of those inside the M25.
Remote work didn’t just change where people worked. It changed where they built companies.
The talent was always there. The excuse to leave wasn’t.
This matters if you’re in sales, investment, or market research. The company you’re targeting as a “London fintech” might have directors listed in Yorkshire. The competitor you dismissed as a regional player might be growing faster than anything in Shoreditch.
The data tells you these things — if you know where to look.
At Borsch.ai, we track company formations, director locations, SIC codes, and filing activity across all 5.68 million registered UK companies. You can map sector growth by region, spot emerging clusters before they become obvious, and filter by formation date to see exactly when momentum started shifting.
The next fintech hub probably already exists. It’s just not in the headlines yet.
Find it before everyone else does: https://borsch.ai