Re:London ranked second best startup hub in the world for tech
by mytailorisrich on Monday June 20, 2022 @10:39AM
(#31810880)
> London doesn't have as easy access to the EU financial system
London is a global financial hub, and the largest for foreign currency exchanges. Globally it's ranked #2 behind NYC and is by far the leading financial centre in Europe. I believe it is also #1 in Europe for VC funding. London does not need the EU financial system, if anything with Brexit the EU is trying to become less dependent on London.
Of course this is all a key reason why it is attracting many fintech startups.
London is a global financial hub, and the largest for foreign currency exchanges. Globally it's ranked #2 behind NYC and is by far the leading financial centre in Europe. I believe it is also #1 in Europe for VC funding. London does not need the EU financial system, if anything with Brexit the EU is trying to become less dependent on London.
Of course this is all a key reason why it is attracting many fintech startups.