The UK is home to some of the world's most exciting and
successful FinTech start-ups. From cross-border payments, to
alternative lending, InsurTech disruptors, to digital banks, London
has been the birthplace of great FinTech start-ups, as identified
in our report for the Global FinTech Hub
Federation.
But the UK cannot yet claim to be a natural home for FinTech
scale-ups.
A commonly-shared description of the shift into scaling is that
a start-up becomes a scale-up by proving its business model.
The start-up phase is all about honing the product to perfectly
fit the market, bringing acquisition costs below customer lifetime
revenue, and getting those first revenue-positive customers in the
door.
