UK Fintech Software Market Demand Forecast Growth Drivers & Key Opportunities 2025-2033

Market Size in 2024: USD 1.68 Billion

Market Forecast in 2033: USD 2.76 Billion

Market Growth Rate (2025-2033): 5.70%

The UK fintech software market size reached USD 1.68 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.76 Billion by 2033, exhibiting a growth rate (CAGR) of 5.70% during 2025-2033.

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UK Fintech Software Market Trends and Drivers:

The fast-paced shift towards digital financial services is really changing the way people and businesses handle their money in the UK. Banks and financial institutions are increasingly adopting fintech software solutions to improve customer experiences, streamline their operations, and keep up with the competition. Plus, the emergence of digital-only challenger banks is driving software innovation, paving the way for app-based banking, robo-advisory services, and AI-powered financial planning.

Regulatory Support and Open Banking Initiatives

The UK is leading the way in fintech adoption, thanks to its forward-thinking regulatory frameworks. With the rollout of open banking, we're seeing a boost in data transparency and collaboration between banks and third-party providers. These regulations are opening up exciting new avenues for fintech software developers, allowing them to create secure, user-friendly applications that give consumers access to a diverse array of financial products from various providers all through a single, convenient interface.

Integration of AI, Blockchain, and Cloud Technologies

Emerging technologies like artificial intelligence (AI), machine learning (ML), blockchain, and cloud computing are really shaking things up in the fintech software world. AI is making huge strides in areas like fraud detection, personalizing customer experiences, and improving credit scoring. Meanwhile, blockchain is all about ensuring secure, real-time transaction processing. Plus, cloud-based platforms are providing the scalability and cost-effectiveness that both startups and established companies need, helping them get to market faster than ever.

Rise in Contactless Payments and Mobile Wallets

The rise of contactless payment systems and mobile wallets is really driving growth in the fintech software market. People are moving away from traditional cash and card payments, opting instead for digital solutions that are quicker and more convenient. This shift is particularly noticeable among millennials and Gen Z, who are looking for smooth user experiences and instant access to their financial services.

UK Fintech Software Market News

March 2024: GoCardless, a leading UK fintech specializing in direct debit and open banking payment infrastructure, acquired the payment services company Sentenial (Nuapay) from its parent EML Payments to enhance its offerings in subscription and recurring payments.

August 2024: The UK fintech ecosystem saw a surge in investment, with total fintech funding reaching $7.3 billion in the first half of 2024 nearly triple the amount from H1 2023. Highlights include a £3.1 billion buyout of IRIS Software Group, a $999 million VC round by Abound, and $621 million raised by Monzo.

Late 2024: UK fintech investment cooled, ending the year with £7.97 billion, down from £10.95 billion in 2023, marking the lowest level since 2020. Nonetheless, the UK continued to attract more fintech funding than all other EMEA countries combined.

August 2024: A new fintech entity, Fintilect, launched by merging ieDigital and ABAKA (and aligned with Connect FSS under Parabellum Investments), rolled out AI-driven banking personalization solutions for UK banks. Lindsay Soergel was appointed CEO.

January 2025: In a significant funding win, iplicit, a London-based cloud accounting software platform, secured €29.7 million from One Peak to accelerate product development and scale its presence in the UK mid-market.

Key Market Segmentation

Component Insights:

• Hardware
• Software
• Services

Application Insights:

• Food Science
• Kitchen and Restaurant Tech
• Delivery
• Supply Chain
• Others

Industry Insights:

• Fish, Meat, and Seafood
• Fruits and Vegetables
• Grain and Oil
• Dairy Products
• Beverages
• Bakery and Confectionery
• Others

Regional Insights:

• London
• South East
• North West
• East of England
• South West
• Scotland
• West Midlands
• Yorkshire and The Humber
• East Midlands
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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