London’s fintech sector just proved it’s not slowing down anytime soon. New data from City recruiter Morgan McKinley shows fintech hiring surged 29% last year, dramatically outpacing the broader financial sector’s 13% vacancy growth. While traditional banks tightened their belts, fintech companies like Radius, Ebury Partners, and Monzo expanded aggressively—some growing their vacancies by up to 90%. The message? Fintech isn’t just disrupting finance anymore; it’s becoming the infrastructure. And if you’re a software engineer or product manager, London’s calling your name.
London Fintech Hiring Hits Record Growth
Fintech vacancies jumped 29% last year, making it the fastest-growing segment of London’s financial jobs market. Software engineering and product management roles led the charge, reflecting the sector’s shift from scrappy disruptor to essential financial infrastructure.
Companies like Radius, Ebury Partners, and Monzo didn’t just hire—they hired big. Vacancy growth at these firms ranged between 50% and 90% over the year. Even established players like Sage and Revolut expanded their teams, though at a more measured pace.
“The broader pattern suggests a maturing ecosystem: fintech firms are evolving from disruption to infrastructure,” Morgan McKinley noted. Translation? These companies are building for the long haul, expanding across payments, credit, compliance, and SME services.
Traditional Banking Takes a Different Path
While fintech boomed, traditional banking told a more cautious story. Banking still dominated overall financial vacancies—accounting for 61% of all roles—but growth was selective.
Tech-facing roles saw strong demand. IT management vacancies rose 42%, and banking operations roles climbed 30%. Banks aren’t abandoning hiring; they’re just being strategic about where they invest.
Commercial banking, however, contracted 10% last year. Morgan McKinley described it as “ongoing cost control in client-facing areas.” In other words, banks are cutting back on traditional customer-facing roles whilst doubling down on technology and operations.
London Cements Its Position as UK’s Financial Hub
London didn’t just participate in this hiring wave—it led it. Financial vacancies in the capital grew 17% over the year, pushing London’s share of national finance jobs to 53%.
That’s more than half of all UK financial vacancies concentrated in one city. For anyone wondering whether London’s status as a global financial centre remains intact post-Brexit, this data offers a pretty clear answer.
Victoria Walmsley, managing director at Morgan McKinley, said the jobs market has entered a “selective and disciplined phase” after years of post-pandemic disruption.
“Whilst hiring is no longer volume-driven, organisations are investing with greater precision in roles that support productivity, transformation and long-term competitiveness,” she explained. “This shift reflects structural change rather than short-term volatility, with employers positioning now for the next growth cycle.”
What This Means for Job Seekers
If you’re in tech—particularly software engineering or product management—fintech’s your goldmine right now. The sector’s not just hiring; it’s scaling up operations and building teams for sustainable growth.
For those in traditional banking roles, the landscape’s trickier. Client-facing commercial banking positions are shrinking, but tech-enabled roles within banks are thriving. The takeaway? Upskill in digital, data, or operations if you want to stay competitive.
And if you’re weighing up whether to stay in London or explore opportunities elsewhere in the UK, the numbers speak for themselves. More than half of all financial jobs are in the capital, and that concentration shows no signs of weakening.
The Bottom Line
Fintech hiring in London surged 29% last year, with software engineering and product management roles driving growth. Companies like Monzo and Ebury Partners expanded dramatically, whilst traditional banks focused on tech and operations roles. London now accounts for 53% of all UK financial vacancies, reinforcing its dominance as the country’s financial hub. The shift signals a maturing fintech ecosystem and a more selective, tech-focused approach to hiring across the sector.
Ready to explore opportunities in London’s booming fintech scene? Keep an eye on specialist recruiters and company career pages—competition’s heating up.
FAQ
Q1: Which fintech companies are hiring the most in London?
A: Radius, Ebury Partners, and Monzo led the charge with vacancy growth between 50% and 90% over the year. Established firms like Sage and Revolut also expanded, though at a slower pace.
Q2: What types of roles are fintech firms hiring for?
A: Software engineering and product management roles saw the strongest demand, reflecting fintech’s evolution from disruption to infrastructure. Compliance, payments, and SME services also drove hiring.
Q3: Is traditional banking still hiring in London?
A: Yes, but selectively. Tech-facing roles like IT management (up 42%) and banking operations (up 30%) grew strongly, whilst commercial banking positions declined 10% due to cost control measures.
Q4: How dominant is London in the UK’s financial jobs market?
A: London accounts for 53% of all UK financial vacancies after a 17% increase over the year. It remains the undisputed centre of the country’s financial sector.
Q5: What does this hiring trend mean for the fintech sector’s future?
A: It signals maturation. Fintech firms are transitioning from disruptive startups to essential infrastructure providers, building sustainable operations and preparing for long-term growth rather than rapid expansion alone.
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Effective Date: 15th July 2025
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