London Fintech Firms Ramp Up Recruitment Amid Major Expansion

The recruitment efforts of Britain's leading fintech firms are being substantially increased, as revealed by recent research, suggesting a significant expansion phase. Over 3,000 employment vacancies were advertised in the fintech sector during the first quarter of this year itself. In 2021, the number of vacancies reached its highest point at 5,000; however, by mid-2022, it had decreased to less than 2,000 as a result of a decline in tech fundraising and challenging macroeconomic conditions. A significant increase in risk and compliance positions has been observed as the industry matures, particularly in London, where they have increased by over 85%, now comprising one in four recruits. Risk management has become the fastest-growing position, with vacancies increasing by 135% in comparison to 2023.

Starling Bank has been one of the most active recruiters in fintech this year, posting more than 650 vacancies. Payments firm has also significantly increased its hiring, with approximately 500 vacancies, more than tripling its recruitment compared to the previous year. Meanwhile, Revolut and Wise have advertised 267 and 393 roles respectively, marking a decrease of approximately 14% from last year. These hiring trends underscore the fintech sector's resilience and ambition, as firms continue to expand and adapt to the evolving market landscape.

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