It’s Official – London is the Fintech Capital of the world

By Bernard Lunn

According to my crude scoring system (shown below) London wins the Fintech Capital of the World title.

I am using the Minimum Viable Product mantra of “if the first version does not embarrass you, you have left it too late to launch”. I know my scoring system is crude and some of the scores will change after further input and research. That is the point of using Daily Fintech as a collaborative research tool. We learn by putting stuff out there and getting market feedback.

I feel qualified to do this because a) I have lived and worked in all three regions (America, Europe and Asia) and b) the Fintech Global Tour went to 19 places (and then later some smaller more alternative places).

I took the top 10 Global Financial Centers as a starting point:

GFC Rank
New York 1
London 2
Hong Kong 3
Singapore 4
Tokyo 5
Zurich 6
Seoul 7
San Francisco 8
Chicago 9
Boston 10

Then I created 4 Criteria specific to Fintech:

  • Unicorns
  • Regulatory
  • Hubs
  • Funding

I gave each equal weight. I applied a crude ranking of 1, 2 or 3 (lower is better).

Comments on these criteria and ranking:

  • Regulatory. This is an area where more research is needed. Some places are good in some areas of regulation but not in others. For example, Switzerland is good for Bitcoin and New York is bad for Bitcoin. I scored London tops because the FCA has a reputation of being at least accessible to conversations with entrepreneurs and generally focused on the economic value add from innovation.
  • Hubs. This is a subject of a session that I will be moderating at SIBOS in October in Singapore. My ranking is not by number of Hubs. It is more to do with how easy it is to go to one of these capitals and meet the key players through some event or networking group. This is where London scores tops thanks to the pioneering work of Innovate Finance as well as the Fintech Circle networking hub.
  • Funding. I am focused on early stage (up to Series B). Again my ranking is not Fintech specific (because most Funds are still domain agnostic).

Without further ado, here is the ranking (lower is better):

GFC Unicorn Regs Hubs Funds Score
London 2 2 1 1 2 8
New York 1 2 3 2 2 10
Hong Kong 3 3 2 3 3 14
Singapore 4 3 2 2 3 14
San Fran 8 1 2 2 1 14
Tokyo 5 3 2 3 3 16
Zurich 6 3 2 3 3 17
Seoul 7 3 2 3 3 18
Boston 10 3 2 2 2 19
Chicago 9 3 2 3 3 20

Daily Fintech Advisers (the commercial arm of this open source research site) can help implement strategies related to the topics written about here. Contact us to start a conversation.


  1. Dear Mr. Lunn,

    Thank you for your posts. Please could I give you a ring to discuss a couple of events we are organizing?

    Many thanks, Anna

    Sent from my Windows Phone ________________________________

    • Anna, please send me an email to bernard dot lunn at gmail dot com so we can schedule some time. Bernard

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