Market Overview

The UK fintech software market size reached USD 1.68 Billion in 2024 and is projected to reach USD 2.76 Billion by 2033, exhibiting a CAGR of 5.70% during 2025-2033. The market growth is driven by the increasing adoption of digital banking, advancements in AI and blockchain technology, expansion of mobile payment solutions, enhanced regulatory support, and a customer preference shift toward seamless and secure cashless transactions. 

Study Assumption Years

  • Base Year: 2024
  • Historical Year/Period: 2019-2024
  • Forecast Year/Period: 2025-2033

UK Fintech Software Market Key Takeaways

  • The UK fintech software market size was valued at USD 1.68 Billion in 2024.
  • The market is expected to grow at a CAGR of 5.70% during the forecast period 2025-2033.
  • The market size is forecast to reach USD 2.76 Billion by 2033.
  • Increasing adoption of digital banking platforms and emergence of neobanks and challenger banks contribute to market growth.
  • Technological advancements in AI, machine learning, and blockchain are enhancing efficiency and security in fintech solutions.
  • Expansion of mobile payment solutions including contactless payments and digital wallets is boosting market demand.
  • Enhanced regulatory support and rising demand for financial inclusion are supportive factors for market expansion.

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Market Growth Factors

The fintech software market in the UK is driven by the rise in digital banking among customary banks and financial institutions to improve customer experience, as well as competition․ Digital banking provides customers with access to financial services such as payments, transfers, and investment decisions anytime and anywhere through mobile and web applications․ Other drivers include the rise of neobanks and challenger banks, which are fully digital and lower cost and faster processing․ Zopa, a case study, raised €80 Billion (£68 Billion) in equity investment in 2024 and looked to build GenAI propositions by 2025․

The growth of artificial intelligence and blockchain technology is driving this market․ AI-powered applications automate tasks, detect fraud, and analyze consumer behavior patterns to tailor products using machine learning algorithms to provide financial products based on massive datasets․ AI is used in chatbots and virtual assistants to support users interactively in real-time․ Blockchain is a common method of securing financial transactions in a decentralized manner․ An example of this is the 2025 financing round of €4 Billion by the London based fintech startup Semeris for the development of artificial intelligence based solutions for analysis of legal documents in structured finance transactions․

Mobile payment methods are increasing in popularity due to the rise of smartphone usage, the consumer shift towards cashless payments, and the introduction of more secure and smooth methods by mobile payment applications, including contactless, digital wallet, and peer-to-peer payments․ Mobile wallets are a particularly trendy form of electronic payment among youth due to their convenience and speed․ In 2024, fintech company Revolut offered international transfers from mobile wallets using mobile numbers or email addresses․

Market Segmentation

Deployment Insights:

  • Cloud based: The market includes cloud-based fintech software deployment, supporting flexible and scalable financial solutions.
  • On-premises: On-premises deployment is also analyzed, catering to organizations seeking localized fintech software installation.

End-User Insights:

  • Banking: The banking sector adopts fintech software to improve services, efficiency, and customer experience.
  • Insurance: Insurance companies utilize fintech solutions for enhanced automation and risk management.
  • Securities: The securities segment benefits from fintech software for trading, compliance, and data analytics.

Regional Insights

The report segments various UK regions including London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and others. London emerges as a dominant market hub, benefiting from its status as a financial center and fintech innovation hotspot. The comprehensive regional analysis covers market trends for 2025-2033, supporting tailored regional strategies.

Recent Developments & News

In January 2025, iplicit, a London-based cloud accounting software platform, secured €29.7 Billion investment from One Peak to accelerate product development and growth, strengthening its position in the UK mid-market. In August 2023, UK FinTech Growth Partners LLP launched the FinTech Growth Fund, backed by Barclays, NatWest, and Mastercard. The fund supports UK fintech companies scaling from Series B to pre-IPO, planning minority investments in 4-8 fintechs yearly, with funding ranging from £10 to $100 Billion.

Key Players

  • Zopa
  • Semeris
  • Revolut
  • iplicit
  • One Peak
  • UK FinTech Growth Partners LLP
  • Barclays
  • NatWest
  • Mastercard

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