- The UK FinTech sector had a strong start to 2022 with four new companies headquartered in the country entering the unicorn club. Accelerant, an underwriting group which has built an insurance platform called InSightFull, took the top spot in terms of valuation after the company’s latest funding round of £141m, led by Eldridge.
- In total the UK had 13 new FinTech unicorns in 2021 and if current pace of newly registered unicorns continues, 2022 is on track to beat last year’s record. UK FinTech companies close to unicorns status include Primary Bid, Atom Bank, Quantexa and 10x banking.
- Primary Bid, who provide everyone fair access to IPOs, are currently valued at $690m and raised £140m in their latest funding round on 20th February 2022. Atom bank, an app-based bank, are valued at $589m and raised £75m in their latest funding round on 16th February 2022. Quantexa, a data and analytics software company, are valued at $900m and raised £111m in their latest funding round on 13th July 2021. 10x banking, a digital banking platform, are currently valued at $700m and raised £133m on June 14th All of these companies will likely gain unicorn status in their next funding round.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2021 FinTech Global