The targeting of UK and US technology companies (like
@Revolut and
@Apple this week) by the
@EU_Commission mandarins is not going to be tolerated. I know Iāve been in the meetings. Pack it in now before itās too late.
UK is the second biggest fintech hub on earth behind only the United States. In 2025, UK fintechs raised $3.6 billion across 534 separate deals, more deals than the next five European countries combined.
London is home to Revolut, now worth around $75 billion, the most valuable private tech company in all of Europe.
So why London and why it stuck:
Plenty of cities have one or two of the things you need to build a fintech hub. London had all of them, in one square mile, at the same time. That's the part rivals can't easily copy.
Here's the stack that made it work:
A 300 year head start:
The City was already the world's money capital, full of banks, capital and people who understood finance.
The right rules:
The regulator built the world's first sandbox in 2016 then forced the big banks to open up their data in 2018. Builders were welcomed not feared.
Deep talent:
Oxford, Cambridge,Imperial, LSE plus thousands of ex bankers who knew exactly what was broken.
The quiet advantages:
English,English law and a time zone that lets London trade with Asia in the morning and New York in the afternoon.
42% of UK fintech workers are foreign born. The talent didn't just come from Britain,it came to Britain.
the moat was never any single ingredient. It was all of them stacked in one place. A rival can copy the rules or grow the talent or match the capital. Almost nobody does all of it at once.
That's the real lesson, for a city or a company:
one copyable advantage isn't a moat,a dozen of them working together is.