London fintechs dominate the latest entries to a government-backed startup programme as the capital's fintech sector continues to boom.
Monzo, Starling Bank, Revolut and Salary Finance were among the companies selected for this year’s Future 50 programme.
The scheme, which is run by government-backed Tech Nation, helps British tech businesses to scale up by providing access to a peer network and contact with senior government decision-makers.
This year’s cohort reflects the continued success of London fintech firms, which made up 10 of the 24 new entries.
Tristan Thomas, head of marketing and community at Monzo, said: “We're excited to have been included in this year’s Future 50 programme and work with and learn from other high-growth companies in the cohort.
“As we near 2m customers in the UK, we're preparing for the next stage in our company's growth trajectory.”
The announcement comes after a bumper year for venture capital investment in the UK, with startups pulling in $7.9bn (£6bn) in funding last year.
|Bizuma||Ecommerce and Marketplaces||London|
|Bulb Energy||Hardware Devices and Internet of Things||London|
|M Squared Lasers||Hardware Devices and Internet of Things||Glasgow|
|Reach Robotics||Hardware Devices and Internet of Things||Bristol|
|Culture Trip||Digital Entertainment||London|
|Ensek||Software as a Service||Nottingham|
|Kimble Applications||Software as a Service||London|
|Garrison Technology||Cyber Security||London|
|Ieso Digital Health||Biotech and Healthcare||Cambridge|
|Globalwebindex||Adtech and Marketing||London|
Dr Kris Naudts, founder and chief executive at travel startup Culture Trip, said: “Being part of Future 50 will help us to connect with and learn from our peers.
“In the startup world, there is enormous benefit to be had from hearing how others have overcome challenges and realised their growth ambitions.”
The Future 50 programme was founded in 2013 to help drive British tech talent and counts Deliveroo, Skyscanner, Shazam and Just Eat as notable alumni.
Jeremy Wright, secretary of state For Digital, Culture, Media and Sport, said: “The UK has a fantastic track record of producing globally successful tech companies and I'm pleased to see another diverse and impressive group of firms in Tech Nation’s 2019 Future 50 programme.
“The list highlights the underlying strength of our digital economy and emphasises its huge potential. We are doing all we can to make sure this vital industry continues to grow and our young businesses are given the right support to thrive.”