After beginning 2023 with a bang – hat tip to Stripe’s $6.6bn round of funding – fintech has since seen a significant slowdown, with funding and deals falling to levels not seen since 2017. In spite of this, there are new fintech jobs advertised each week, especially in London.
CB Insights’ State of Fintech Q2 report reveals that global fintech funding has fallen by nearly half to $7.8bn, funding from mega-rounds scraped a six-year low, and payments funding fell 75% each quarter.
The only regions to see growth in Q2 were Latin America and the Caribbean, where funding more than doubled.
In London, the figures are in line with global trends. For H1 2023, KPMG reported total fintech funding in EMEA dropped from £21bn in H2 2022 to just £8.8bn in H1 2023, down 57% in a year.
However, change is on the horizon and while things appear quiet, the government recently passed the Financial Services and Markets Act 2023 to enhance the UK’s attractiveness and competitiveness for fintech.
The new legislation gives the government the power to introduce regulatory sandboxes for fintech companies, while offering a unique, non-EU regulatory environment to new and established businesses.
In addition, a group of financial institutions have partnered with the government for the Fintech Growth Fund, which aims to support scaling British fintechs to reach IPO stage faster through an investment fund of up to £1bn.
There are new fintech roles being added to the UKTN Job Board every week, with jobs throughout the UK, remote opportunities and a significant concentration of roles in London. Check out the three below and visit the board for more.
Senior product owner ETF technology, Client Server, London
If you’ve a strong knowledge of Exchange Traded Funds (ETFs) and are an experienced product owner, check out this senior product owner ETF technology role in a growing fintech. In this job, you’ll use your knowledge of back-office processes and ETFs to lead cross-functional teams of software developers, QA test engineers and project managers.
Building ETF technology and IT systems, you’ll understand the technology and its benefits, you’ll have advanced communication skills, stakeholder management experience and meticulous technical documentation skills. The organisation has a hybrid work policy, meaning you’ll join colleagues in the city office three days a week, with an optional two at home.
.NET developer, Noir Consulting, London
Successful candidates will be working on a technically challenging project, developing a new application from scratch. These positions come with a number of employee benefits including company shares, pension scheme, private healthcare and education budget. Remote working is also available.
Product owner, ClearCourse, London
If you’ve got a minimum of three to five years of experience in an agile software development environment, then this product owner role could be for you. ClearCourse is a software and payments business founded in 2018 with offices in London and throughout the UK, which provides software and payments for businesses from SMEs, to national retailers and well-known charities.
The successful candidate will define and deliver the future roadmap for the organisation’s point of sale (POS) product offering. Working collaboratively and cross-functionally internally and with customers, you should be familiar with ISVs and software platforms, such as EPOS systems. Work from London, Manchester or Maidenhead, in a hybrid model if desired.