Today we can reveal our inaugural 100 FinTech Disrupters – our ranking of the UK’s most exciting financial technology companies.
ClearBank, the UK’s first clearing bank in 250 years, was crowned the nation’s favourite FinTech after securing heavy backing from both an independent judging panel and the general public.
Founded by serial entrepreneur Nick Ogden five years ago and led by CEO Charles McManus, the City of London-based company’s payment clearing technology is set to transform the UK’s financial landscape.
McManus told BusinessCloud it hopes to achieve at least eight per cent market share in the business current account market by 2023.
“There are so many inefficiencies in terms of suppliers being paid by customers: if payments were made in real time it would knock all of that noise, friction and delay out of the SME conversations,” he said.
“The survival of small businesses is all about cash flow management.”
The 100 FinTech Disrupters ranking in full
ClearBank was followed in the ranking by ‘all-your-cards-in-one’ banking app Curve, which is based in Camden.
Digital challenger bank Monzo, which has £325m funding and is based in Islington, was third.
Manchester-based AccessPay, which enables finance teams to achieve efficiency savings and security improvements around global payments, was the only FinTech based outside London to make the top 10.
AccessPay, led by CEO Anish Kapoor, pipped OakNorth, a challenger bank providing debt finance to SMEs which has raised $1bn+ investment to date, to fourth spot.
You can see the full top 100 ranking, which was voted on from a long-list of around 200 disruptive companies, here.
The public vote on the long-list attracted almost 1,200 votes. A panel of expert judges also made their choices. The final 100 ranking was decided from a combination of these.
The judging panel was comprised of: Chris Reay, property director, MediaCityUK; Ruth Milligan, head of financial services and payments programme, techUK; Steve Chown, Fintech Accelerator Manager, NatWest; Rachel Bentley, Fintech senior manager, KPMG; Julian Wells, director, Whitecap Consulting, FinTech North & FinTech West; Dawn Dunn, cluster manager for Fintech/Data, Dynamo; Jonathan Simnett, director, Hampleton Partners; Gavin Brown, senior lecturer, Manchester Metropolitan University; Janine Hirt, COO, Innovate Finance; Eliott Saba, VP – Fintech Venture & Growth, Silicon Valley Bank; David Brear, CEO, 11:FS; and Jonathan Symcox, editor, BusinessCloud.