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Fintech

London’s fintech crown tarnished by political ‘mess’

The startup community has expressed concerns about the implications of the general election uncertainty on fintech

Old Street roundabout, in the area known as 'Tech City' in London
Old Street roundabout, in the area known as 'Tech City' in London Photo: Getty Images

London-based fintech firms were disappointed by last week's general election outcome, which did little to dispel the uncertainty threatening their efforts to preserve the city's status as the global fintech capital.

Spencer Lake, chairman of Dublin-based Fenergo and former vice-chairman of global banking and markets at HSBC reacted to the news: "Not sure what to say. It's a mess."

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