Revolutionising London’s Banking Scene: Spotlight on UK-based Startup Innovations

January 3, 2024

The banking industry is ripe for disruption, with many startups aiming to bring new technologies and practices to this traditional field. We are particularly interested in those startups that have been founded in the UK since 2020. These companies are all headquartered in London, the financial capital of the world, and have carved out their own niches in the banking, financial services, and fintech sectors. To give you a clear picture of the diverse range of companies operating in these sectors, we take a look at some of the most innovative and impactful startups providing banking services out of London.

With advances in technology, a global shift towards digital finance, and growing demand for financial inclusion, these startups are redefining the banking industry’s boundaries. Whether they focus on sustainable finance, personal finance, online banking, or AI and machine learning integration, these entrepreneurs have one thing in common: a commitment to using technology to improve financial service delivery and customer experience. Read on to find out more about these cutting-edge companies and what they are doing to revolutionize the banking industry.

All these startups are driving the change in the banking sector landscape. They are highly focused on customer-centric products, services and experiences. These startups are not just shaping the future of banking, but they’re making an impact now. Here’s our guide to the companies to watch in this industry, right now.


Founded by Gary Wu, James Cox, James Dugan, and Jamie Cox, TreeCard is a fullstack green finance platform that permits consumers to spend, save, and invest responsibly. They are the exclusive finance partner of Ecosia, and their initial product is a wooden payment card that funds reforestation through the interchange fees generated. You can follow them on Facebook, @treecardapp on Twitter, and LinkedIn.


Lanistar, established by Gurhan Kiziloz, uses polymorphic technology to provide an alternative to the personal finance being offered by incumbents in the sector. With 45 full-time staff and plans to grow a 150-person support team in Greece, Lanistar has also recently announced partnerships with organisations such as Mastercard and Jumio. Follow them on @iamlanistar on Twitter and LinkedIn.

Bloom Group SA

Founded by James Hickson, Bloom Financial helps digital brands unlock their potential with founder-friendly capital and tools that expedite growth. Follow them on Facebook and LinkedIn.


Founded by Henry Stanley, Joy Joseph Abisaab, and Robert Stronach, Mast. is developing cloud-native technology to help mortgage lenders save costs, manage more applications, enhance their service levels, and deliver the best possible digital experience. Follow them on @MastHQ on Twitter and LinkedIn.


Saurus is a UK-based digital banking startup, revolutionising digital and commercial banking to make it easy and simple. Follow them on Facebook, @saurusbanking on Twitter, and LinkedIn.


Twig, began by Geri Cupi, is a circular economy-oriented fintech company. It can turn items into cash instantly, promotes the circular economy, and offsets carbon footprints. Follow them on Facebook, @twigcard on Twitter, and LinkedIn.


Scribe, founded by Emmanuel Hadoux and Rob Cossins, is a data platform for company information powered by research-based AI. It delivers deep insights into private companies and ends data entry from PDFs. Follow them on @scribelabsai on Twitter and LinkedIn.


At Inveztor™, co-founded by Alastair Sharpe and Katee Hunter, they are developing a simple, efficient, and collaborative digital platform for issuing and maintaining European debt securities. Inveztor™ essentially acts as a digital agent, operating functions from contract creation, to account opening to fund transfers. It enables issuers to create and manage securities in a real-time, open and transparent environment, transforming the client experience. Follow them on @InveztorLtd on Twitter, and LinkedIn.

Network B

Network B, founded by Brad Blake and Shapna Majid, provides banking and card-linked solutions. Their API platform addresses their customers’ inquiries through phone, email, and online applications. Follow them on LinkedIn.


Founded by David Hodkinson, Xace is making waves in the banking, finance, and financial services sector. Follow them on @xaceio on Twitter and LinkedIn.

These are just a few examples of the innovative startups that are reshaping the banking industry by leveraging technology, sustainable practices, and user-focused design. Keep an eye on these companies as they continue to disrupt and redefine what’s possible in the world of banking.

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