London’s fintech startup scene has been blossoming for some time, drawing energy and expertise from the city’s legacy powerhouse role as a global financial services hub. Proximity to traditional financial services is one way to fuel a fintech cluster — given that established fs giants are realizing they need to get involved with startups or risk future disruption.
The most obvious signal of London’s fintech boom is the growing number of incubators with a fintech flavour setting up shop here. And today one of them, the Barclays Accelerator, is holding its inaugural demo day, with 11 startups presenting to potential investors after 15 weeks of mentoring and financial services hot-housing.
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