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9 Hottest UK Fintech Startups Most Likely to Reach Billion Dollar Valutions

Discussion in 'Business Discussions' started by accelerator, Jun 9, 2015.

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  1. accelerator United Kingdom

    accelerator Well-Known Member

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    Hi Guys

    Here's a Business Insider article giving its 9 hottest UK Fintech startups that it thinks are most likely to reach billion dollar valuations. Fintech is a very active sector at the moment, especially with the advent of cryptocurrencies. The digitisation of the banking sector is on the horizon. How many of these startups had you heard of? I'd heard of five.

    http://uk.businessinsider.com/uk-fintech-startups-worth-1-billion-2015-6?op=1
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. bonusmedia United Kingdom

    bonusmedia Well-Known Member Exclusive Member

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    All except Algomui. I use most of them.

    Pretty confident Seedrs will overtake Crowdcube at some point, Crowdcube has the volume but Seedrs has the better model and tends to get more tech startups with fast growth potential. They've just partnered with Andy Murray so there will be some ads coming soon I imagine
     
  4. bonusmedia United Kingdom

    bonusmedia Well-Known Member Exclusive Member

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    You don't have to make something to contribute to our balance of trade. No idea why you think these companies are dull and uninteresting, they are changing the face of commerce and beating the banks at every turn.

    It would be great to have more manufacturing but we are a service focused economy.

    Crowdcube and Seedrs are doing wonders for investment in all sorts of companies including manufacturing. Ratesetter lets businesses earn 3% on deposits instead of 0.1%. MarketInvoice lets companies unlock cash in their invoices at better rates than factoring. GoCardless has made online transactions much better and simpler.

    All good news for the economy whatever their valuations.
     
  5. bonusmedia United Kingdom

    bonusmedia Well-Known Member Exclusive Member

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    Not sure why my post was deleted, probably because of Sean's insult, but I'll say again you don't understand fintech and you are completely misrepresenting it.

    The idea that you could clone them in weeks is patently ridiculous. Saying they are not innovative just shows that you haven't bothered to even look at the models.

    P2P is a huge shakeup for banking. It benefits literally millions of savers, lenders and borrowers.

    Equity crowdfunding has pumped over £100 million into all kinds of businesses, including manufacturing.

    The suggestion that they are unlikely to ever turn a profit is ridiculous. Most of that list have already demonstrated highly profitable models, hence the investment they've received to scale up.

    I have personally saved many thousands and plenty of time using these firms and also made some highly successful investments.

    I didn't say anything of the sort about manufacturing. I said we are a service based economy.

    Why anyone would complain about some of our best startups is beyond me, but if you want to do so get your facts straight
     
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