Britain’s biggest fintech firms are recruiting thousands of new staff, fresh research has found, in signs the industry is charting a course for major expansion. More than three thousand job vacancies in fintech were advertised in the first three months of this year, according to data from Morgan Mckinley and VacancySoft, representing a jump of nearly two-thirds on last year, with the lion’s share of the hires taking place in London.
Vacancies in fintech peaked at as much as 5,000 in 2021 but had more than halved to less than 2,000 by the middle of last year amid turbulent macroeconomic conditions and a slowdown in fundraising for tech firms. But since then, a stabilising in the economic outlook and a slew of new funding rounds including Monzo’s bumper $430 million raise have renewed the industry’s confidence to expand at pace, launching new products and setting up in new markets.
