Startup Spotlight: Monzo tops LinkedIn startup hotlist
Mobile-only, digital bank Monzo has topped LinkedIn's 2019 Top Startups List, with FinTech companies filling more than half of the top 10 places.
The list, published on 4 September, reveals the top startups in the UK - this is the third consecutive year that Monzo has taken the top spot, demonstrating the strength of the UK's FinTech sector.
Monzo was closely followed by Revolut, the prepaid debit card, currency exchange and peer-to-peer digital bank that has more than six million customers across Europe and, in August this year, launched a US stock trading platform. Starling Bank, a UK-mobile-only bank that provides personal, joint and business accounts has moved up 14 places to fourth on the list.
More than half of the list announced by LinkedIn was occupied by FinTech startups and six of the top 10 companies are involved in the FinTech sector. LinkedIn noted that eight of these startups were entirely new to the list.
Those companies in the top 10 operating within the FinTech sector are:
- Monzo Bank: digital challenger bank
- Revolut: prepaid debit card
- Starling Bank: UK mobile-only bank
- 11:FS: digital consultancy for banks
- Tide Business Banking: mobile-first business banking
- Curve: digital card
The annual list is created by analysing the actions - meaning job searches, company page views and so on - taken by LinkedIn members worldwide. It reveals the startups where UK professionals most want to work.
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UK Managing Editor at LinkedIn, Katie Carroll, said that the results show the strength of the FinTech sector in the UK, noting that it "displays no signs of slowing down anytime soon". Carroll said: "It’s incredible to see a startup able to maintain the top spot for three years in such an-ever changing environment and continue expanding at such a pace. It’s also fantastic to see the sector developing and new fintech startups entering this year’s list [...] It’s certainly no surprise to us that LinkedIn members are applying for jobs at a raft of such innovative, exciting companies.”